Which Forecasting Technique Provides a Long-Run Qualitative Forecast Where Experts

question 16

Multiple Choice

Which forecasting technique provides a long-run qualitative forecast where experts meet and give their assessments about the future?

• A)Delphi technique
• B)critical incident technique
• C)repatriation technique
• D)nominal group technique

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Definitions:

Correlation Coefficient

A numerical measure that quantifies the degree to which two variables are related, ranging from -1 (perfect negative correlation) to +1 (perfect positive correlation).

One-tailed Hypothesis

A hypothesis test that considers either a decrease or an increase in a specific direction, focusing on one end of the probability distribution.

Valid Hypothesis

A hypothesis that is well-founded, testable, and grounded in existing scientific evidence or observations.

Two-tailed Hypothesis

A statistical test hypothesis that considers both directions of effect, allowing for testing differences in either direction.