A qualitative forecasting technique that relies on group convergence of forecasts is referred to as?
A) Consumer surveys
B) Delphi method
C) Jury of executive opinion
D) Sale force estimates

Question

Quizplus · Accepted Answer

The Delphi method is a qualitative forecasting technique in which a group of experts participate in a series of questionnaires and converge on a forecast through discussion and feedback. Consumer surveys, sales force estimates, and jury of executive opinion are also qualitative forecasting techniques, but they do not rely on group convergence.

A Qualitative Forecasting Technique That Relies on Group Convergence of Forecasts