A qualitative procedure used to develop a consensus forecast is known as
A)exponential smoothing.
B)regression methods.
C)the Delphi technique.
D)naïve forecasting.

Question

Quizplus · Accepted Answer

The Delphi technique is a qualitative procedure that uses a structured, iterative process to develop consensus among a group of experts or stakeholders. This approach is commonly used in situations where there is uncertainty or complexity and is often employed to create long-range forecasts or scenario planning. Exponential smoothing and regression methods are quantitative forecasting techniques, while naïve forecasting is a basic method that assumes the future will be the same as the past.

A Qualitative Procedure Used to Develop a Consensus Forecast Is