Which forecasting method involves a group of experts providing individual opinions which are later shared to reach a more objective decision?

Which forecasting method involves a group of experts providing individual opinions which are later shared to reach a more objective decision?

• A. Demographics
• B. Delphi Technique
• C. Development
• D. Design Thinking

Answer: (B)

Delphi technique uses a panel of experts who provide their opinions independently. Those opinions are then collected and shared with the group in a way that keeps responses anonymous, so no one’s influence can dominate. Participants review the summarized feedback and may adjust their views in light of what others have said. This process goes through several rounds until opinions converge on a forecast or reach a well-supported consensus. The key is combining expert judgment while minimizing bias from group dynamics, aiming for a more objective decision when data might be scarce or uncertain. Other approaches focus on population characteristics, development processes, or problem-solving frameworks, rather than a structured, iterative expert consensus method.

Delphi technique uses a panel of experts who provide their opinions independently. Those opinions are then collected and shared with the group in a way that keeps responses anonymous, so no one’s influence can dominate. Participants review the summarized feedback and may adjust their views in light of what others have said. This process goes through several rounds until opinions converge on a forecast or reach a well-supported consensus. The key is combining expert judgment while minimizing bias from group dynamics, aiming for a more objective decision when data might be scarce or uncertain. Other approaches focus on population characteristics, development processes, or problem-solving frameworks, rather than a structured, iterative expert consensus method.