A Forecasting Technique Where a Panel of Outside Experts Is

question 36

Multiple Choice

A forecasting technique where a panel of outside experts is asked to estimate sales for a particular product or service and the results would be summarized in a report and given to the same panel of experts for several iterations is known as

• A) Qualitative Forecasting
• B) Regression
• C) Simple Extrapolation
• D) Delphi Technique
• E) Exponential Smoothing

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Definitions:

Balance Theory

A psychological theory suggesting that individuals strive for mental consistency among their beliefs, attitudes, and sentiments, and will change or eliminate beliefs to achieve balance.

Environmental Activist

An individual who actively promotes the protection and preservation of the environment through various actions and campaigns.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, often leading to an alteration in one's beliefs to reduce the discomfort.

Jetta

A compact car model produced by the German automobile manufacturer Volkswagen.