Question

A method of group decision-making and forecasting that involves successively collating the judgments of experts. A large number of experts take turns presenting a forecast statement and assumptions. An intermediary passes each expert's forecast and assumptions to the others, who then make revisions to their own forecasts. This process continues until a viable composite forecast emerges. is _________

Answer 1

The method described in the question is called the Delphi method. It is a group decision-making and forecasting technique that involves experts.

Step-by-step explanation:

The method described in the question is called the Delphi method. It is a group decision-making and forecasting technique that involves experts. In this method, a large number of experts provide their forecasts and assumptions.

An intermediary passes these forecasts and assumptions to the other experts, who then revise their own forecasts. This iterative process continues until a composite forecast that is acceptable to the group is reached.