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No .Its not an efficient way.If you add any temp variables,it is also calculated to your characters limit.
Formula field character size calculated by all refering fields size.
for ex: Temp_formula_Field1 compiled is 100 (for example only i put 100)
Temp2_Formula_Field2 = 80 + Temp_formula_Field1
Now the compiled size of Temp2_Formula_Field2 is 104.
To avoid 5000 characters in formula follow simple tricks like instead of using "IF" for multiple check use CASE.
Thanks
No .Its not an efficient way.If you add any temp variables,it is also calculated to your characters limit.
Formula field character size calculated by all refering fields size.
for ex: Temp_formula_Field1 compiled is 100 (for example only i put 100)
Temp2_Formula_Field2 = 80 + Temp_formula_Field1
Now the compiled size of Temp2_Formula_Field2 is 104.
To avoid 5000 characters in formula follow simple tricks like instead of using "IF" for multiple check use CASE.
Thanks