The Delphi Method of Forecasting Is Useful When

question 134

Multiple Choice

The Delphi method of forecasting is useful when:

• A) judgment and opinion are the only bases for making informed projections.
• B) a systematic approach to creating and testing hypotheses is needed and the data are usually gathered by sending a questionnaire to consumers.
• C) historical data are available and the relationship between the factor to be forecast and other external or internal factors can be identified.
• D) historical data is available and the best basis for making projections is to use past demand patterns.

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Definitions:

Osmosis

The passive movement of water molecules through a semi-permeable membrane from an area of low solute concentration to an area of high solute concentration.

Simple Diffusion

A process whereby molecules move from an area of higher concentration to one of lower concentration without the need for energy input.

Lipid-Soluble Substances

Compounds that can dissolve in fats and oils, allowing them to easily pass through cell membranes that are composed of lipid bilayers.

Lipid Bilayer

A thin polar membrane made of two layers of lipid molecules found in cell membranes, crucial for maintaining the structure and function of cells.