Economy

What is the delphi method? »Its definition and meaning

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The Delphi method, also known as the Delphi method, is a practical method that is used to solve and determine problems in an open way; it is a research technique used for the purpose of making forecasts and predictions. In other words, it is a systematic forecasting method that involves structured interaction between a group of experts on a topic. The Delphi Technique typically includes at least two rounds of experts answering questions and justifying their answers, providing the opportunity between rounds of changes and revisions. The multiple rounds, which are obtained after a predefined criterion are reached, and triggers the group of experts to reach a consensus forecast on the topic being discussed.

The word "Delphi" refers to the Oracle of Delphi, a site in Greek mythology, where they were passed in the prophecies. In this technique the experts are allowed to adjust their responses in subsequent rounds. Because multiple rounds of questions are asked and because each panel member is told what the group thinks as a whole, the Delphi Method seeks to arrive at the "correct" answer through consensus. The Delphi Method tries to bring together the opinions of a diverse group of experts, and it can be done without having to bring everyone together for a physical meeting. Because participant responses are anonymous, individual panelists do not have to worry about the repercussions of their opinions.

The Delphi method was developed and implemented early in the Cold War to forecast the impact of technology on warfare. In 1944, General Henry H. Arnold ordered the creation of the report for the US Army Air Corps on future technological capabilities that could be used by the military. Originally, according to sources, it was devised by RAND Corporation as an instrument for use in predicting nuclear catastrophes.