The Delphi Method of Forecasting Is Useful When

question 134

Multiple Choice

The Delphi method of forecasting is useful when:

• A) judgment and opinion are the only bases for making informed projections.
• B) a systematic approach to creating and testing hypotheses is needed and the data are usually gathered by sending a questionnaire to consumers.
• C) historical data are available and the relationship between the factor to be forecast and other external or internal factors can be identified.
• D) historical data is available and the best basis for making projections is to use past demand patterns.

Make informed decisions on further processing of products or selling them as is, based on cost-benefit analysis.

Analyze special orders and their impact on profitability and production capacity.

Understand the make-or-buy decision process and its implications on costs and operations.

Analyze the financial impact of accepting contracts or special pricing strategies on net operating income.

---

Definitions:

General "Depression"

A common mental health disorder characterized by persistent sadness, loss of interest in activities, and an inability to carry out daily tasks.

Manic Episode

A period of abnormally elevated or irritable mood, arousal, and/or energy levels, frequently found in bipolar disorder.

Energetic

Having or showing vitality and a high level of energy or enthusiasm.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse from one neuron to another target neuron.