Automatically Updating a Range Name Reference in Excel 2007

Updating the size of range Name is necessary when using Names in formulas (such as VLOOKUP or INDEX) and as a source data for PivotTable Report.

To automatically update a range Name:

Insert the following formula into the Refers to box in the New Name dialog box:
This OFFSET formula returns the range address calculated by measuring the width (number of rows) and the height (number of columns) of a reference.

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