Final answer:
The qualitative forecasting method that uses experts working individually and then allows them to modify their forecasts based on shared information is called the Delphi method. It helps to aggregate the knowledge and expertise of multiple individuals to generate more accurate and reliable forecasts.
Step-by-step explanation:
The qualitative forecasting method that uses experts working individually and then allows them to modify their forecasts based on shared information is called the Delphi method. In this method, experts provide their initial forecasts independently, and then the forecasts are shared among the group. After reviewing the shared information, each participant is allowed to revise their forecast.
The Delphi method is commonly used in various fields, including business, economics, and technology, to forecast future trends, make predictions, or gather expert opinions. It helps to aggregate the knowledge and expertise of multiple individuals to generate more accurate and reliable forecasts. This method allows experts to collaborate and refine their predictions, thereby increasing the quality of the final forecast.