Consider again the CHB Inc. problem described in Problem 10. Suppose only a limtednumber of PPBs can be placed. CHB would like to place this limited number of PPBs incounties so that the allowable branches can reach the maximum possible population. Thefile CHBPop contains the county adjacency matrix described in Problem 10 as well as thepopulation of each county.

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Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.