Which forecasting method seeks to develop a consensus among a group of experts?
A) Market research
B) Executive opinion
C) Delphi method
D) Naïve method
E) Gamma method

Question

Quizplus · Accepted Answer

The Delphi method is a forecasting method that seeks to develop a consensus among a group of experts. In this process, a series of questionnaires are distributed to a panel of experts who provide feedback on the future state of a particular market or industry. The responses are gathered and summarized, and the experts are then given the opportunity to revise their opinions based on the feedback from the group. This process is repeated until a consensus is reached among the experts.

Which Forecasting Method Seeks to Develop a Consensus Among a Group