A fairly recent alternative to algebraic modeling is spreadsheet modeling.Instead of relating various quantities with algebraic equations and inequalities,we relate them in a spreadsheet with cell formulas.

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This statement is true. Spreadsheet modeling is a relatively new approach to modeling that involves using cell formulas in a spreadsheet to relate various quantities, rather than using traditional algebraic equations and inequalities.

A Fairly Recent Alternative to Algebraic Modeling Is Spreadsheet Modeling