What method uses input from a panel of experts to come to a consensus?

The Delphi Technique is a structured communication method that involves gathering input from a panel of experts to achieve a consensus on a specific topic or problem. This method typically involves multiple rounds of surveys or questionnaires and seeks to refine the opinions of the experts over time. Experts provide their insights and judgments anonymously, which helps to mitigate the effects of groupthink and encourages open and honest feedback.

Through successive rounds, the experts are given an opportunity to reconsider their views based on the feedback and summaries from previous rounds, ultimately leading to a more informed consensus. This technique is particularly useful when dealing with uncertain or complex issues, allowing organizations to gather diverse insights and achieve convergence on an effective solution or forecast.

In contrast, methods like the Build-Up Method involve summing individual estimates from various contributors but lack the structured process of expert consensus that the Delphi Technique provides. Regression Analysis relies on statistical relationships between variables and does not engage expert opinions. Market Research focuses on understanding consumer needs and preferences rather than aggregating expert insights.