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

Question

Quizplus · Accepted Answer

The jury of executive opinion model is based on pooling the opinions of a group of experts or managers to create a forecast. The other options, such as the expert judgment model and consumer market survey model, may involve gathering opinions or data from a group but do not specifically rely on a panel of executives or experts. The multiple regression model and management coefficients model use statistical analysis rather than expert opinions.

The Forecasting Model That Pools the Opinions of a Group