There are two main factors that determine whether a quantitative model or qualitative model is a better choice.Which of the following is one of these factors?
A)the degree of uncertainty involved in the demand forecast
B)the complexity of balancing supply and demand forecasts
C)the estimates of the demand for labour
D)the long-term environmental forecasts of labour

Question

Quizplus · Accepted Answer

The degree of uncertainty involved in the demand forecast is one of the factors that determine which type of model is a better choice. If there is a high degree of uncertainty, a qualitative model may be better, as it allows for more flexibility and subjective input. If there is low uncertainty, a quantitative model may be more appropriate. The other options, such as balancing supply and demand forecasts or labour forecasts, are not directly related to the choice between quantitative and qualitative models.

There Are Two Main Factors That Determine Whether a Quantitative