What are $parsers and $formatters, and when should you use them?
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Sparsers
In most of the cases, $parsers is the right option to handle the logic of custom validation. Functions added to $parsers are called as soon as the value in the form input is modified by the user.
Formatters
Formatters are invoked when the model is modified in the code. They are not invoked if the value is modified in the textbox. $formatters are useful when there is a possibility of the value getting modified from the code.
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