__________ is(are) a forecasting aid based on a consensus of a panel of experts.
A) Extrapolation
B) Scenarios
C) The Delphi technique
D) Decision forecasts

Question

Quizplus · Accepted Answer

The Delphi technique is a structured communication technique or method, originally developed as a systematic, interactive forecasting method which relies on a panel of experts. The experts answer questionnaires in two or more rounds. After each round, a facilitator provides an anonymous summary of the experts’ forecasts from the previous round as well as the reasons they provided for their judgments. Thus, experts are encouraged to revise their earlier answers in light of the replies of other members of their panel. It is specifically designed to produce a consensus among experts.

__________ Is(are) a Forecasting Aid Based on a Consensus of a Panel