How does Formset disregard the initial value of a field?

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Formset disregards the initial value of a field by ignoring the value provided in the form's initial data when generating the form fields. Instead, it populates the fields with data from the input data or, if input data is not available, with blank data or the default value of the field. This allows Formset to create new objects without pre-filling any fields, making it easier to add new objects with different data.