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CIPS L4M7 Exam - Topic 12 Question 69 Discussion

For which of the following is the 'delphi method' used?
D) Forecasting demand
A) Controlling products
B) Valuing stock
C) Classifying products

CIPS L4M7 Exam - Topic 12 Question 69 Discussion

Actual exam question for CIPS's L4M7 exam
Question #: 69
Topic #: 12
[All L4M7 Questions]

For which of the following is the 'delphi method' used?

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Suggested Answer: D

Delphi method is a structured forecasting technique using a panel of experts and a number of rounds of questioning. Responses are shared after each round and the experts encouraged to recon-sider their own responses. It is intended to achieve a consensus view.


LO 2, AC 2.3

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Deja
11 hours ago
Yeah, I agree. It's about predicting future trends.
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Luisa
6 days ago
I think it's D) Forecasting demand.
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Darci
11 days ago
Definitely D, but it can be used in other areas as well!
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Barbra
16 days ago
Yeah, I've heard it's great for gathering expert opinions too.
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Garry
2 months ago
Wait, are you sure? I thought it was for valuing stock.
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Karina
2 months ago
Totally agree, D is the right answer!
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Lauryn
2 months ago
It's mainly used for forecasting demand.
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Arlyne
3 months ago
Really? I always thought it was more about classifying products.
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Stevie
3 months ago
Nope, definitely not for controlling products.
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Layla
3 months ago
Wait, I thought it was for valuing stock?
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Nan
3 months ago
Totally agree, D is the right answer!
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Cherelle
3 months ago
It's mainly used for forecasting demand.
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Johanna
3 months ago
I definitely recall the Delphi method being used in forecasting demand. It’s about getting consensus from experts, right?
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Georgene
4 months ago
I’m a bit lost on this one. I thought the Delphi method was more about controlling products, but now I’m not so sure.
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Krystal
4 months ago
I remember practicing a question about the Delphi method, and I think it was used for gathering expert opinions, which sounds like it fits with forecasting demand.
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Elvera
4 months ago
I think the Delphi method is related to forecasting demand, but I'm not entirely sure. It might also have something to do with product classification.
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