A simulation model extends spreadsheet modeling by
A)extending the range of parameters for which solutions are computed.
B)using real-time values for parameters from the application to formulate solutions.
C)replacing the use of single values for parameters with a range of possible values.
D)using historical data to make predictions about future values and expected trends.

Question

Quizplus · Accepted Answer

A simulation model replaces single values with a range of possible values for parameters, allowing for the exploration of different scenarios and outcomes. It does not necessarily extend the range of parameters for which solutions are computed, use real-time values, or make predictions based on historical data.

A Simulation Model Extends Spreadsheet Modeling by