Question

The Delphi method is __________.
A. a qualitative forecasting technique that attempts to identify the time frames and demand levels for the introduction, growth, maturity, and decline life cycle stages of a new product or service.
B. a qualitative forecasting technique in which experts work individually to develop forecasts.
C. a qualitative forecasting technique that brings experts together to discuss and develop a forecast.
D. a qualitative forecasting technique in which individuals familiar with specific market segments estimate the demand within these segments.

Answer 1

Answer:

B. a qualitative forecasting technique in which experts work individually to develop forecasts.

Explanation:

The Delphi method is a forecasting process framework based on the results of multiple rounds of questionnaires sent to a panel of experts. Several rounds of questionnaires are sent out to the group of experts, and the anonymous responses are aggregated and shared with the group after each round.

The experts will answer without brainstorming with others