BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The Delphi method is a process used to arrive at a group opinion or decision by surveying a panel of experts. Experts respond to several rounds of questionnaires, and the responses are aggregated and shared with the group after each round.

Detailed explanation-2: -The Delphi method, also known as the estimate-talk-estimate technique (ETE), is a systematic and qualitative method of forecasting by collecting opinions from a group of experts through several rounds of questions.

Detailed explanation-3: -The concept of using expert opinion for forecasting is known as the Delphi Method. Under this method the group’s estimates are returned to the individual experts for review and a second round of forecasts is received from the experts.

Detailed explanation-4: -A method is a procedure or function associated with a class. A call to a method specifies the object (or, if it is a class method, the class) that the method should operate on. For example, SomeObject. Free calls the Free method in SomeObject.

Detailed explanation-5: -What sets it apart from the executive opinion method is the involvement of multiple teams for better results. In the Delphi method, a group of experts generate a demand forecast based on their expertise & knowledge. This forecast is presented to a different group within the company for interpretation.