A named range assigns a readable name to a cell or range of cells, such as TaxRate or SalesData. This makes formulas easier to read and manage compared to using only cell addresses.

For example, =SUM(SalesData) is often clearer than =SUM(B2:B25). Named ranges improve workbook readability and become especially useful in larger spreadsheets.

Why It Matters

• Makes formulas more readable
• Helps organize important ranges
• Useful in larger or shared workbooks

Reference:

Wikipedia: Spreadsheet

https://en.wikipedia.org/wiki/Spreadsheet