The forecasting technique that pools the opinions of a group of experts or managers is known as:
A) the expert judgment model.
B) multiple regression.
C) jury of executive opinion.
D) market survey.
E) management coefficients.

Question

Quizplus · Accepted Answer

The jury of executive opinion is a forecasting technique that gathers the opinions of a group of experts or managers to obtain a consensus forecast. This approach can help reduce individual biases and provide a more reliable forecast. The other options, such as the expert judgment model or multiple regression, do not specifically involve a group of experts or managers, while market surveys and management coefficients are specific methods rather than forecasting techniques that pool opinions.

The Forecasting Technique That Pools the Opinions of a Group