The Delphi method is a

A) smoothing technique in forecasting.
B) consensual forecast based on expert opinions.
C) compound growth approach to forecasting.
D) naïve forecasting approach.


B

Economics

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Since World War II, about ______ out of every ten family farms have disappeared.

A. one B. three C. five D. seven

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The inclusion of external benefits in the decision making process determining equilibrium price and quantity leads to

A) lower priced items and increased quantity. B) lower priced items and a decline in quantity. C) higher priced items and increased quantity. D) higher priced items and a decline in quantity.

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Which of the following will increase investment spending?

a. More optimistic business expectations. b. An increase in interest rates. c. An increase in business taxes. d. A decrease in capacity utilization. e. All of these.

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Property rights are well established for

a. private goods. b. public goods. c. common resources. d. both (b) and (c).

Economics