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.

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Definitions:

Descriptive Norm

Socially accepted behaviors that individuals are expected to conform to in a specific context, based on the observed actions of others.

Wikipedia

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Pluralistic Ignorance

Pluralistic ignorance describes a situation where a majority of group members privately reject a norm, but assume incorrectly that most others accept it.

Autokinetic Effect

A phenomenon of visual perception in which a stationary, small point of light in a dark room appears to move because of involuntary eye movements.