Why Might a Company Use the Delphi Method of Qualitative

question 31

Essay

Why might a company use the Delphi method of qualitative forecasting rather than say expert opinion?

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Definitions:

Observations

Refers to the individual points or pieces of data collected during a study or research.

Two-Tailed Test

A statistical test that considers the possibility of an effect in two directions, both above and below the mean.

Significance Level

The significance level, often denoted by alpha, is the threshold at which the null hypothesis is rejected in a statistical test.

Wilcoxon Signed-Rank Test

A nonparametric test used to compare paired or matched samples to assess whether their population mean ranks differ.