The Delphi Technique Tries to Use Expert Opinion to Forecast

question 9

Multiple Choice

The Delphi technique tries to use expert opinion to forecast market demand but it is distinctly different than other methods in as much as it _____________.

• A)Tries to control for executive emotion
• B)Uses an iterative approach with repeated measurement to control for direct confrontation
• C)Uses consumers in a panel to discuss their planned purchases
• D)Tries to make suppliers, buyers, users, and deciders part of the process
• E)None of these

---

Definitions:

Life Insurance

A contract between an insurer and a policyholder, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Auto Insurance

A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident.

Federal Government

The national government of a federated state, which holds the authority to govern the issues that affect the entire country.

Health Insurance

A form of insurance that covers the cost of an insured individual's medical and surgical expenses.