Hi,
I would like to use Defined Names more prevalently in my Excel files.
This comment directly below taken from decisionmodels.com has given me pause for thought.
"Defined Names are recalculated each time a formula that directly refers to the name is recalculated"
To be honest I don't quite fully understand what it means, and practically when they should/should not be used.
For example I planned on having Inputs so say Interest Rate as a defined name range but wonder if that would have a performance impact.
If the defined name is just an input value and not a formula should that be okay as there would be nothing to recalculate (within the defined name)?
Thanks,
Source:
I would like to use Defined Names more prevalently in my Excel files.
This comment directly below taken from decisionmodels.com has given me pause for thought.
"Defined Names are recalculated each time a formula that directly refers to the name is recalculated"
To be honest I don't quite fully understand what it means, and practically when they should/should not be used.
For example I planned on having Inputs so say Interest Rate as a defined name range but wonder if that would have a performance impact.
If the defined name is just an input value and not a formula should that be okay as there would be nothing to recalculate (within the defined name)?
Thanks,
Source:
How the Excel Smart Recalculation Engine works - Decision Models
Microsoft Excel Calculation Secrets and optimisation tips, calculation methods, calculation sequence, dependencies and memory limits.
www.decisionmodels.com