Which of the following best explains the Delphi Method ?

1.	Which of the following best explains the Delphi Method ?
Answer» It is a profit -maximization method It is a forecasting method It is a retrenchmentmethod It is a output enhancement method Solution :(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.

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