Dr. C. Lightner Fayetteville State University3
Qualitative Approaches to Forecasting
–A panel of experts, each of whom is physically separated fromthe others and is anonymous, is asked to respond to asequential series of questionnaires. –After each questionnaire, the responses are tabulated and theinformation and opinions of the entire group are made known toeach of the other panel members so that they may revise their previous forecast response. –The process continues until some degree of consensus isachieved.