A Forecasting Procedure for Acquiring Informed Judgements and Opinions from Knowledgeable

question 6

Multiple Choice

A forecasting procedure for acquiring informed judgements and opinions from knowledgeable individuals in order to develop a consensus about what will occur in the future is

• A)data mining
• B)regression
• C)long-range forecasting
• D)the Delphi method

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Definitions:

Guarantee

A formal assurance or promise, often by a manufacturer or seller, that certain conditions will be fulfilled, such as the quality or durability of a product.

Indemnity

A financial compensation mechanism for loss or damage, or provision for protection against potential financial liability.

Guarantee

A formal promise or assurance, typically in writing, that certain conditions will be fulfilled, particularly relating to product quality or loan repayment.

Indemnity

Protection or security against financial liability or loss.