Often, the Delphi Technique Is Used in Conjunction with an Expert

question 88

Multiple Choice

Often, the Delphi technique is used in conjunction with an expert forecasting survey. The major objective is to

• A)allow an opportunity to obtain diverse expert opinions.
• B)allow experts to work separately to reach a consensus as to their forecasts.
• C)reach an accurate sales forecast through the use of multiple sales forecasting techniques.
• D)determine if the expert forecasting survey is superior to regression analysis.
• E)assess the extent to which this year's sales forecast is more accurate than that of previous years.

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Definitions:

Payment Today

A term typically used in finance that refers to an immediate transaction or payment that has to be made or is made at the current date.

Equal Payments

Regularly scheduled payments of the same amount over the term of a loan or mortgage.

Interest Annually

The amount of interest earned or paid over a one-year period, often expressed as a percentage of the principal.

Economic Values

The worth of goods or services as determined by their utility and the market forces of supply and demand.