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Which of the following uses three types of participants: decision makers, staff personnel, and respondents?
  • a)
    executive opinions
  • b)
    sales force composites
  • c)
    the Delphi method
  • d)
    time series analysis
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following uses three types of participants: decision make...
Delphi Method
The Delphi method is a forecasting technique that involves three types of participants: decision makers, staff personnel, and respondents.

Decision Makers
- Decision makers are individuals who have the authority to make final decisions based on the information gathered through the Delphi method.
- They provide input on the initial questions or issues to be addressed in the Delphi process.

Staff Personnel
- Staff personnel are individuals who assist in facilitating the Delphi process.
- They help in formulating the initial questions, distributing surveys, and compiling and analyzing the responses.

Respondents
- Respondents are experts or stakeholders in a particular field who provide their opinions and insights on the questions or issues posed in the Delphi process.
- They participate in multiple rounds of surveys and feedback to reach a consensus on the topic under consideration.
In the Delphi method, decision makers, staff personnel, and respondents work together to gather and synthesize expert opinions in order to make informed decisions or predictions about the future. This collaborative approach helps in reducing bias, achieving consensus, and generating reliable forecasts in various fields such as business, healthcare, and technology.
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Which of the following uses three types of participants: decision makers, staff personnel, and respondents?a)executive opinionsb)sales force compositesc)the Delphi methodd)time series analysisCorrect answer is option 'C'. Can you explain this answer?
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