A simulation model extends spreadsheet modeling by O extending the range of parameters for which solutions are computed. O using real-time values for parameters from the application to formulate...

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