Which of the following forecasting methods is specifically designed to go through several rounds of modification before generating a final forecast?
A) Exponential smoothing
B) Executive opinion
C) Delphi method
D) Naïve method
E) Gamma method

Question

Quizplus · Accepted Answer

The Delphi method is a forecasting method that involves a group of experts who participate in several rounds of discussion and modification before reaching a consensus on a final forecast. This process allows for the incorporation of multiple perspectives and the refinement of the forecast based on feedback from each round of discussions. The other methods listed do not involve multiple rounds of modification or expert input.

Which of the Following Forecasting Methods Is Specifically Designed to Go