What is the difference between Calculated Columns and Measures?

Question

Accepted Answer

Calculated Column
            Measure
        
        
            Stored in the model
            Calculated at runtime
        
        
            Consumes memory
            Consumes CPU during execution
        
        
            Evaluated row by row
            Evaluated using filter context
        
        
            Static after refresh
            Dynamic based on report filters
        
    

    
        Measures are generally preferred for better model performance.

Calculated Column	Measure
Stored in the model	Calculated at runtime
Consumes memory	Consumes CPU during execution
Evaluated row by row	Evaluated using filter context
Static after refresh	Dynamic based on report filters

What is the difference between Calculated Columns and Measures?

Answer with Explanation