The Delphi forecasting approach is applicable for high-risk technology forecasting; large, expensive projects; or major new product introductions

Question

Quizplus · Accepted Answer

The Delphi forecasting approach is particularly useful for complex and high-risk projects or new product introductions where there is significant uncertainty or where the consequences of incorrect forecasting are high. It involves gathering input from a panel of experts, who provide anonymous feedback through a series of rounds until a consensus is reached. This approach can be particularly useful for large, expensive projects where accurate forecasting is essential.

The Delphi Forecasting Approach Is Applicable for High-Risk Technology Forecasting;