04 March 2018

Data Science: Delphi Method (Definitions)

 "A qualitative forecasting method that seeks to use the judgment of experts systematically in arriving at a forecast of what future events will be or when they may occur. It brings together a group of experts who have access to each other's opinions in an environment where no majority opinion is disclosed." (Jae K Shim & Joel G Siegel, "Budgeting Basics and Beyond", 2008)

"A systematic forecasting practice that seeks input or advice from a panel of experts. Each expert provides their forecast input in a successive series of rounds, until consensus is achieved." (Steven Haines, "The Product Manager's Desk Reference", 2008)

"A systematic, interactive forecasting method that relies on a panel of experts. The experts answer questionnaires in two or more rounds. After each round, a facilitator provides an anonymous summary of the experts’ forecasts from the previous round as well as the reasons they provided for their judgments." (Project Management Institute, "Practice Standard for Project Estimating", 2010)

"Data collection method that happens in an anonymous fashion." (Adam Gordon, "Official (ISC)2 Guide to the CISSP CBK" 4th Ed., 2015)

"A structured communication technique used to conduct interactive forecasting. It involves a panel of experts." (IQBBA)

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