Research and briefly describe the delphi technique

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Reference no: EM131257028

a. Research and briefly describe the Delphi technique. How would it be used by an employer you have worked for? What is the primary difference between a time-series model and an associative model?

b. Define time series? What effect does the value of the smoothing constant have on the weight given to the recent values? Explain the value of seasonal indices in forecasting. How are seasonal patterns different from cyclical patterns?

Reference no: EM131257028

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