Consider a spreadsheet model where you have monthly sales data for the year $2023$ across multiple products. You've named the range of cells containing the total sales for each month as "TotalSales$2023".$ How does this named range enhance your spreadsheet model's functionality?

It allows for automatic updates to "TotalSales$2023"$ whenever new daily sales data is entered, without needing to adjust the named range itself.

It enables the use of the name "TotalSales $2023"$ in formulas, charts, and data analysis tools, making it easier to reference and understand the data being analyzed, as opposed to using cell range addresses like B$2$:B$13.$

It directly increases the calculation speed of any formula using "TotalSales$2023"$ by storing the data in a more accessible memory location.

It provides real$-$time error checking within the "TotalSales$2023"$ range, alerting users immediately if data entered for any month is inconsistent with previous entries.