There are two main factors that determine whether a quantitative model or qualitative model is a better choice in determining HR demand.Describe these two factors.

Because of the variety in the complexity and levels of uncertainty in forecasting the demand for labour,there exist multiple forecasting methods.These methods can be divided into two main categories: quantitative methods and qualitative methods.The two main factors that determine whether a quantitative model or qualitative model is a better choice are the degree of uncertainty involved in the demand forecast,and the volume and complexity of the data that are available to assist in creating the demand forecast.
In general, quantitative models are better when forecasting demand in stable markets when there is a high degree of certainty in the relationship between the demand for labour and the indicators of that demand. As the volume and complexity of data that are available increase, quantitative models can deal with higher levels of uncertainty, but when uncertainty becomes very high, qualitative models become preferable.