1.

Which of the following best explains the Delphi Method ?

Answer»

It is a profit -maximization method
It is a forecasting method
It is a retrenchmentmethod
It is a output enhancement method

Solution :(B) The Delphi method is a structured communication technique, originally developed as a systematic , INTERACTIVE forecasting and has been WIDELY used for business forcasting and has CERTAIN advantage over ANOTHER structured forecasting approach , prediction markets.


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