In the Delphi Method of Judgmental Forecasting, _____

question 34

Multiple Choice

In the Delphi method of judgmental forecasting, _____.

• A) predictions are based on the assumption that the future will be an extrapolation of the past
• B) predictions are based on one or more independent variables, all of which are numerical
• C) people from outside an organization are not eligible to make predictions
• D) experts are not consulted as a group to make predictions

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Definitions:

Aggregate Expenditure

The total amount spent on national-level goods and services in an economy.

Disposable Income

Income available to households after accounting for taxes and social security charges, available for spending or saving.

Gross Domestic Product

The total market value of all final goods and services produced within a country in a specific time period.

Aggregate Expenditure

This is the total spending on final goods and services in an economy, including consumption, investment, government purchases, and net exports.