The Delphi Method Used for Forecasting

question 34

Multiple Choice

The Delphi method used for forecasting:

• A) obtains forecasts through a comparative analysis with a previous situation.
• B) uses measures that are believed to influence the behavior of a variable that the researcher wishes to forecast.
• C) uses a single measure that weights multiple indicators and provides a measure of overall expectation.
• D) uses a panel of experts, whose identities are typically kept confidential from one another, to respond to a sequence of questionnaires.

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Definitions:

Fill Orders

The process of completing customer requests for goods by preparing and dispatching products.

Manufacturing Cycle Efficiency

A measure of the efficiency of the production process, calculated as the value-added time divided by the total throughput time.

Fill Orders

The process of completing a customer's purchase request by preparing and dispatching the requested goods.

Throughput Time

The total time taken to produce and deliver a product, including all processing, inspection, setup, and wait times.