What is 'PreCalc' in UpdateListItems?

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I see some examples with

    <Batch OnError="Continue" PreCalc="TRUE" . . .

and some that omit that attribute. I have seen zero examples that set it to FALSE.

What does this attribute do?

What would commend a value of TRUE?

What would commend a value of FALSE?

Is the default FALSE? Is it NULL?

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BreakingFloor On

Well, in my experience it turned out to be useful in successfully creating list items that have lookup columns to BCS External List, other wise you wouldn't be able to create one.