The estimate-talk-estimate approach (ETE), commonly known as the Delphi method, is a structured and qualitative method of forecasting that involves asking a group of experts a series of questions to elicit their thoughts. The Delphi method depends on experts who are educated about a certain subject in order for them to make predictions about the outcomes of hypothetical future scenarios, assess the possibility of an event, or come to an agreement on a given subject.
The Delphi method approach entails a number of rounds of written questionnaires that invite expert input. Following the completion of each set of questionnaires by the experts, the facilitator compiles all the responses and provides a summary report of the results to each expert. The experts next go over the summary report and decide whether they concur with the other experts' responses or not.
The experts then complete a second questionnaire that allows them to express updated perspectives based on what they have learned from the summary report. The estimate-talk-estimate approach (ETE), commonly known as the Delphi method, is a structured and qualitative method of forecasting that involves asking a group When a forecast consensus is reached, the Delphi process is finished.
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Answer:
Missouri Compromise, (1820), in U.S. history, measure worked out between the North and the South and passed by the U.S. Congress that allowed for admission of Missouri as the 24th state (1821). It marked the beginning of the prolonged sectional conflict over the extension of slavery that led to the American Civil War.
Explanation:
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The statements that describe the ideas that Adam Smith expressed in the wealth of nations are:
- The natural laws of supply and demand
The invisible hand theory is a principle that Adam proposed that Individuals in a society should be left to act in their own best interests because the society would gain from it in the long run.
The natural laws of demand and supply is a function of the invisible hand which is automatically responsible for prices and market distributions in the economy
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Some political consequences were that southern cities like atlanta were completely wrecked. and that after the civil war they had to rejoin the north and the south and spent 12 years reconstructing
The McCulloch v. Maryland is the case that went to the Supreme Court because the state of Maryland wanted to tax the National Bank established by the Congress. The court ruled that under the Article I, Section 8, the "Necessary and Proper" clause that the state could not tax the institution of the the federal government. This is an landmark case and its effect was that this supported the federal government over the state governments.
