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What is Delphi model?
In Delphi method, a number of parameters to be considered based on as experts estimates.
The group estimate is taken as on an average of the weighted individual estimtes, computed as
Estimate=(lower bound of estimate+4*most likely estimate +upper bound of estimate)/6
Variance=(upper bound of estimate-lower bound of estimate)/6
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A discrepancy among a computed, observed, or calculated value or condition and the true, specified, or theoretically correct value or condition; and
explain the data dictionery
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