Which of the following statements is true about the forecasting technique known as the "Delphi Technique"?
A) It is the best technique to use when the organization is seeking to make a technological breakthrough.
B) It involves gathering input from experts outside of the organization, such as academic researchers.
C) It is a quantitative technique.
D) Although it is very quick to implement, it is generally very expensive.

Question

Quizplus · Accepted Answer

The Delphi Technique involves gathering input from a panel of experts, which can include experts outside of the organization, such as academic researchers. This method is used to reach a consensus on specific issues or predict future events and is characterized by a series of questionnaires with controlled feedback.

Which of the Following Statements Is True About the Forecasting