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Expert opinion is when in a professional field gives his/her opinion about a certain product.

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Q: What is an expert opinion in forecasting?
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Define expert opinion?

Expert opinion can be defined as the statement from a specialist on a specific subject.


Does the opinion of an expert in a field carry more weight than the opinion of someone who is not an expert?

The opinion of an expert in the field does tend to carry more weight than the opinion of someone is not an expert. It is even written in the Bible how people hold documentation proof in higher esteem. For instance a theology major is more likely to be listened to than someone with the experience but without the degree.


What is an example of expert opinion?

expert opinion is an opinion that has been extensively researched and has little to no holes. i cant think of an example but it could also be considered an experts opinion like glen beck and his show is all based on expert opinion hope this helps Expert opinion is a recommendation or evaluation that is provided by a person who is both unbiased and knowledgeable in the subject matter. Glen Beck does not qualify because he is not knowledgeable about many of the subjects he evaluates and he is biased toward a conservative viewpoint. A good example of an expert opinion would be a Doctor Who specializes in bone fractures giving an opinion after evaluating an x-ray as to whether a bone is broken.


Example of expert opinion?

"Dentists say new Colgate mouthwash is incredible at cleaning where brushing misses!"


What is demand analysis forecasting?

I'll give you the gist of Demand Analysis Forecasting: Demand analysis forecasting is the process estimation of quantity of a product or service that will be demanded by the customer in the future. Demand forecasting is carried out using both, informal methods, like educated guesses or quantitative methods that involve the use of historical data or existing data from the test markets. Demand forecasting helps in the formulation of pricing strategies, estimation of future product capacity and making crucial decisions relating to the entry or exit from new markets. Methods of Demand forecasting: Qualitative Methods: 1. Jury of expert opinion method 2. Delphi Method: *Developed by RAND Corp *Individuals are asked to answer questionnaires in a total of 2 to 3 rounds *The persons involved often maintain anonymity even after the test has been completed. Quantitative Methods: 1. Time series projection methods: *Trend projection method *Exponential smoothing method *Moving average method Casual methods: 1. Chain ratio method 2. Consumption level method 3 End use method 4.Leading indicator method

Related questions

Define expert opinion?

Expert opinion can be defined as the statement from a specialist on a specific subject.


When was Expert Opinion on Investigational Drugs created?

Expert Opinion on Investigational Drugs was created in 1992.


When was Expert Opinion on Drug Delivery created?

Expert Opinion on Drug Delivery was created in 2004.


When was Expert Opinion on Biological Therapy created?

Expert Opinion on Biological Therapy was created in 2001.


When was Expert Opinion on Drug Discovery created?

Expert Opinion on Drug Discovery was created in 2006.


When was Expert Opinion on Drug Safety created?

Expert Opinion on Drug Safety was created in 2002.


What is the liability of a opinion?

An opinion, is just that. Someon's "best" guess at an answer. If the opinion of an 'expert' is being sought then the value of the opinion of an 'expert' is rated somewhat higher, but can still be fallible.


How does a quantitative forecasting differ from a qualitative forecasting?

Qualitative forecasting is an estimating method that relies upon human judgement, usually the judgment of a perceived expert. Quantitative forecasting uses statistics to make predictions on future outcomes. These prior experiences use past trends to try to predict future outcomes.


Does the opinion of an expert in a field carry more weight than the opinion of someone who is not an expert?

The opinion of an expert in the field does tend to carry more weight than the opinion of someone is not an expert. It is even written in the Bible how people hold documentation proof in higher esteem. For instance a theology major is more likely to be listened to than someone with the experience but without the degree.


What is an example of expert opinion?

expert opinion is an opinion that has been extensively researched and has little to no holes. i cant think of an example but it could also be considered an experts opinion like glen beck and his show is all based on expert opinion hope this helps Expert opinion is a recommendation or evaluation that is provided by a person who is both unbiased and knowledgeable in the subject matter. Glen Beck does not qualify because he is not knowledgeable about many of the subjects he evaluates and he is biased toward a conservative viewpoint. A good example of an expert opinion would be a Doctor Who specializes in bone fractures giving an opinion after evaluating an x-ray as to whether a bone is broken.


What is an example Expert Opinion?

expert opinion is an opinion that has been extensively researched and has little to no holes. i cant think of an example but it could also be considered an experts opinion like glen beck and his show is all based on expert opinion hope this helps Expert opinion is a recommendation or evaluation that is provided by a person who is both unbiased and knowledgeable in the subject matter. Glen Beck does not qualify because he is not knowledgeable about many of the subjects he evaluates and he is biased toward a conservative viewpoint. A good example of an expert opinion would be a Doctor Who specializes in bone fractures giving an opinion after evaluating an x-ray as to whether a bone is broken.


Can you ask a witness their opinion in court?

You can only ask a witness their opinion to an extent. If the witness has not been qualified as an expert, then you can not ask the witness for an opinion that could effect the outcome of the case in any way. However, if a witness has been qualified as an expert, then you can ask them for their opinion on any issue in which they have enough expertise.