In intuitive forecasting, which technique involves a panel interviewed separately?

Prepare for the CIMA Strategic Management (E3) Exam with comprehensive flashcards and multiple-choice questions. Each question offers hints and explanations to ensure you are ready for your test!

Multiple Choice

In intuitive forecasting, which technique involves a panel interviewed separately?

Explanation:
Delphi technique uses an expert panel who answer questionnaires in multiple rounds, with responses collected privately and independently. After each round, a facilitator summarizes the forecasts and reasoning and feeds that back to the panel, who then revise their views in light of the group feedback. This process continues until responses converge, producing a consensus forecast without the influence of dominant individuals or loud voices in a single meeting. That separate, iterative interviewing and feedback is exactly what defines intuitive forecasting in this context. Derived demand focuses on how demand for a final good drives demand for inputs, not on gathering expert judgments in rounds. Brainstorming is a group idea-generation activity conducted collectively, not through separate interviews. A think tank is an organization that analyzes issues, not a specific forecasting technique involving sequential anonymized input from a panel.

Delphi technique uses an expert panel who answer questionnaires in multiple rounds, with responses collected privately and independently. After each round, a facilitator summarizes the forecasts and reasoning and feeds that back to the panel, who then revise their views in light of the group feedback. This process continues until responses converge, producing a consensus forecast without the influence of dominant individuals or loud voices in a single meeting. That separate, iterative interviewing and feedback is exactly what defines intuitive forecasting in this context.

Derived demand focuses on how demand for a final good drives demand for inputs, not on gathering expert judgments in rounds. Brainstorming is a group idea-generation activity conducted collectively, not through separate interviews. A think tank is an organization that analyzes issues, not a specific forecasting technique involving sequential anonymized input from a panel.

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