_____ is a forecasting method that relies on expert estimation of future events.
A)Weighted moving average
B)Time series analysis
C)Delphi method
D)Exponential smoothing

Question

Quizplus · Accepted Answer

The Delphi method is a forecasting method that relies on expert estimation of future events. It involves gathering opinions from a panel of experts and using multiple rounds of feedback and discussion to reach a consensus on the most likely outcomes. This method is particularly useful in situations where there is limited data or uncertainty about the future. The other options listed (weighted moving average, time series analysis, and exponential smoothing) are all quantitative forecasting methods that rely on historical data to make predictions, rather than expert opinion.

_____ Is a Forecasting Method That Relies on Expert Estimation