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– Nelson Mandela

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case study (2)

Q Questions for Answers 1. In general—not just for the movie industry—when would you most likely advocate using a jury of executive opinion or Delphi technique over the other subjective methods of user expectations and sales force composite? Alternatively, when do you think it would be more advantageous to rely on the user expectation and sales force composite methods? Be specific with your discussion. 2. Suppose you are assigned the task of developing the ticket sales forecast for the next Hunger Games movie. What methods of forecasting will you use and how will you justify that choice to studio executives? 3. Many studio executives believe producing a movie that builds on a franchise that has already been established in a different medium, such as comic books and Iron Man or toys and Transformers, reduces the risk of a blockbuster flop. How do you think a character in a popular comic book series or a popular line of toys may influence a ticket sales fore- cast for a movie based on the character or toy? That is, how would you suggest incorporating that aspect into developing a forecast for the film?

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There are advantages and disadvantages of this segment and in order to understand it, I step by step definition will be better. Delphi method is useful to predict the outcomes of a plan. It is completely based on the responses of a particular number of participants. Based on the responses hypothesis testing is done. Participants have to fill up a questionnaire and depending on these responses reliability is judged and anticipated results of the plan are judged. There are different advantages to this method. It is an easy method to check future plans. Most importantly, it is the least time-consuming process to check the validity (Dalkey, 2018). Another advantage of this method is the least requirement of descriptive statistics.