Which Forecasting Method Seeks to Develop a Consensus Among a Group

question 103

Multiple Choice

Which forecasting method seeks to develop a consensus among a group of experts?

• A) Market research
• B) Executive opinion
• C) Delphi method
• D) Naïve method
• E) Gamma method

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Definitions:

Soda Pop

A carbonated soft drink available in various flavors, often sweetened and served chilled.

Utility-Maximizing

A principle in economics where consumers allocate their income to purchase goods and services that provide the highest satisfaction or utility.

Staples

Basic or essential food items and products that are consumed regularly and necessary for daily living.

Paper Clips

Small pieces of bent wire or plastic used for holding sheets of paper together.