Final answer:
The process of forecasting using the jury of expert opinion involves gathering opinions from a group of experts in a particular field to predict future outcomes or trends. It follows a systematic approach to collect and analyze expert opinions and reach a consensus.
Step-by-step explanation:
The process of forecasting using the jury of expert opinion involves gathering opinions from a group of experts in a particular field to predict future outcomes or trends. It is based on the assumption that a collective decision made by a group of experts will result in a more accurate prediction than an individual expert's opinion.
The steps involved in this process are:
- 1. Select a group of experts who are knowledgeable and experienced in the relevant field.
- 2. Provide the experts with relevant information and data that can assist them in making their predictions.
- 3. Conduct individual consultations with each expert to gather their opinions and forecasts.
- 4. Compile and analyze the expert opinions to identify common trends or patterns.
- 5. Discuss the opinions and forecasts with the group to reach a consensus.
- 6. Document the final forecast and present it as the collective prediction of the jury of experts.