Interactive forecasting methodThe Delphi method or Delphi technique ( DEL-fy; also known as Estimate-Talk-Estimate or ETE) is a structured communication technique or method, originally developed as a systematic, interactive forecasting method which relies on a panel of experts. To combat these shortcomings, the Delphi method was developed by Project RAND during the 1950-1960s (1959) by Olaf Helmer, Norman Dalkey, and Nicholas Rescher. Key characteristics [ edit ]The Delphi Method communication structureThe following key characteristics of the Delphi method help the participants to focus on the issues at hand and separate Delphi from other methodologies: in this technique a panel of experts is drawn from both inside and outside the organisation. Applications [ edit ]Use in forecasting [ edit ]First applications of the Delphi method were in the field of science and technology forecasting. More specifically, in a research study at Deutsche Börse elements of the Delphi method had been integrated into a prediction market.