An iterative group process that allows experts,who may be located in different places,to make forecasts is referred to as ________.
A)a jury of executive opinion
B)a sales force composite
C)ca onsumer market survey
D)the Delphi method
E)trend analysis

Question

Quizplus · Accepted Answer

The Delphi method is an iterative group process that allows experts, who may be located in different places, to make forecasts. It involves a series of questionnaires where the responses are summarized and fed back to the experts in order to gain a better understanding of the issues and to refine their forecasts. A jury of executive opinion involves a small group of high-level managers who make a forecast based on their experience and judgment. A sales force composite involves collecting individual salespeople's estimates, which are then aggregated into a forecast. A consumer market survey involves asking customers about their attitudes, intentions, and behaviors. Trend analysis involves examining historical data to identify patterns and trends.

An Iterative Group Process That Allows Experts,who May Be Located