Which of the following forecasting methods relies on the opinions of a panel of experts?
Which of the following forecasting methods relies on the opinions of a panel of experts?
The Delphi technique is a forecasting method that relies on the opinions of a panel of experts. This method uses rounds of questionnaires sent to a group of experts, and the feedback is aggregated and shared with the group after each round. This process is repeated until a consensus is reached. Unlike the survey method, causal method, or time series analysis, the Delphi technique specifically leverages expert opinion as its primary information source.
Delphi Method