Which of the following best explains the Delphi Method ?

Options

A. It is a profit -maximization method
B. It is a forecasting method
C. It is a retrenchment method
D. It is a output enhancement method

Answer

B

Explanation

(b) The Delphi method is a structured communication technique, originally developed as a systematic , interactive forecasting and has been widely used for business forcasting and has certain advantage over another structured forecasting approach , prediction markets.