Jury of executive opinion

Jury of executive opinion

A method of forecasting using a composite forecast prepared by a number of individual experts. The experts form their own opinions initially from the data given, and revise their opinions according to the others' opinions. Finally, the individuals' final opinions are combined.

Jury of Executive Opinion

A way to forecast future trends in which one gathers the opinions of a number of known experts on a security or other matter at hand. The members of the jury perform their initial assessments on their own, then review each other's work, revising their own estimates as needed. The jury of executive opinion is useful because it provides a sort of peer review to point out errors in a non-adversarial way. See also: Consensus opinion.
References in periodicals archive ?
He begins with discussion of process and structure issues of new product forecasting and then moves on to chapters describing managerial judgment forecasting techniques, including jury of executive opinion and Markov process models; customer/market research techniques such as concept tests and conjoint analysis; time series data analysis on company data; and regression analysis from simple linear regression to logistic regression.
Those techniques include jury of executive opinion, sales force composite, customer expectations, decomposition, exponential smoothing, moving average, regression analysis, simulation, straight-line projection, Box-Jenkins time series models, expert systems, neural networks, trend line analysis, and life cycle analysis.
The bankers commonly used the following six forecasting techniques on a regular basis for generating demand deposit forecasts: in descending order of frequency, jury of executive opinion (70.
It is evident that the jury of executive opinion is the most popular forecasting technique with the highest satisfaction level (88.
Large banks most often deployed, in descending order of frequency, jury of executive opinion (61.
The most popular forecasting method is jury of executive opinion.