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Question

Which of the following is systematic interactive forecasting method that relies on a panel of experts?

A
Pay-off matrix
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B
Game theory
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C
Queing theory
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D
Delphi technique
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Solution

The correct option is C Delphi technique

The Delphi method is a process used to arrive at a group opinion or decision by surveying a panel of experts. Experts respond to several rounds of questionnaires, and the responses are aggregated and shared with the group after each round. The Delphi technique is a group communication method where a panel of experts arrive at a consensus over a series of questions and discussions. It is used for estimating or forecasting. ... Then the question and discussion rounds begin, and usually end by the third or fourth round.


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