Question

The forecasting technique that pools the opinions of a group of experts or managers is known as?

1) Quantitative forecasting
2) Qualitative forecasting
3) Delphi method
4) Time series analysis

Answer 1

The Delphi method is a forecasting technique that involves pooling the opinions of a group of experts or managers to make forecasts or predictions.

Step-by-step explanation:

The forecasting technique that pools the opinions of a group of experts or managers is known as the Delphi method. This method involves collecting and analyzing opinions from a panel of experts who have knowledge and expertise in the subject matter. The panel members provide their opinions independently, and these opinions are then aggregated and analyzed to make forecasts or predictions.