In the Delphi Forecasting Method,a Group of Internal and External

question 16

True/False

In the Delphi forecasting method,a group of internal and external experts are surveyed during several rounds in terms of future events and long-term forecasts of demand but the group members do not physically meet.

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Definitions:

Nominal Terms

Values or prices expressed in current money terms, without adjusting for inflation or price level changes.

Macroeconomic Variables

Indicators or main aggregates considered in the analysis of an economy's overall performance, such as GDP, inflation, and unemployment rates.

Aggregate Demand

This concept refers to the complete spending on goods and services in a country during a specific period, reflecting the economy's overall demand.

Aggregate Supply

The aggregate amount of products and services that businesses intend to offer for sale in the market within a given timeframe.