The Delphi Method of Forecasting Is Preferred to the Executive

question 132

True/False

The Delphi method of forecasting is preferred to the executive opinion method if an important consideration is eliminating any one person's dominant opinion.

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Definitions:

Talent

Natural ability or skill possessed by individuals, often refined through practice and training.

ATMs

Automated Teller Machines, electronic banking outlets that allow customers to complete basic transactions without the need for a branch representative.

Bank Branches

Physical locations of a bank where customers can conduct a range of financial transactions in person.

Substitutes

Products or services that can substitute for one another, with a price hike in one resulting in a heightened demand for the alternative.