One main factor that determines whether a quantitative model or qualitative model is a better choice is the volume and complexity of the data that are available to assist in creating the demand forecast.

Question

Quizplus · Accepted Answer

The volume and complexity of data are key factors in determining whether a quantitative or qualitative model should be used for demand forecasting. Quantitative models are better suited when there is a large volume of complex data, while qualitative models are more appropriate for smaller, simpler data sets.

One Main Factor That Determines Whether a Quantitative Model or Qualitative