Delphi Method

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Dictionary Says

Definition of 'Delphi Method'

A forecasting method based on the results of questionnaires sent to a panel of experts. Several rounds of questionnaires are sent out, and the anonymous responses are aggregated and shared with the group after each round. The experts are allowed to adjust their answers in subsequent rounds. Because multiple rounds of questions are asked and because each member of the panel is told what the group thinks as a whole, the Delphi Method seeks to reach the "correct" response through consensus.

The word "Delphi" refers to the Oracle of Delphi , a site in Greek mythology where prophecies were passed on.
Investopedia Says

Investopedia explains 'Delphi Method'

The Delphi Method seeks to aggregate opinions from a diverse set of experts, and can be done without having to bring everyone together for a physical meeting. Because the responses of the participants are anonymous, individual panelists don't have to worry about repercussions for their opinions. Consensus can be reached over time as opinions are swayed.
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'Delphi Method'

  • The Basics Of Business Forecasting

    http://www.investopedia.com/articles/financial-theory/11/basics-business-forcasting.asp
    ... it once launched. Delphi Method: Asking field experts for general opinions
    and then compiling them into a forecast. (For more on ...

  • Credit Default Swaps: What Happens In A Credit Event?

    http://www.investopedia.com/articles/bonds/09/what-happens-to-single-name-cds.asp
    ... off guard; after all, a major CDS event had not occurred since Delphi in November
    2005 ... This is superior to the previous method as it reduces the amount of bond ...

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