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Under constant-cost lookup and integer addition, Memoized Fibonacci evaluation has time complexity $O(n)$ in Big O notation, retaining $O(n)$ values. A hash table needs its own lookup-cost assumptions; an array indexed by $0,\dots ,n$ avoids hash collisions in this example. Memoization removes repeated bodies, but also pays for keys, lookups and retained answers. A workload without reuse can pay those costs without saving evaluations.

The call stack remains. Left-first recursion descends through arguments $n,n-1,\dots ,1$ before returning, giving $n$ simultaneously active frames for $n\ge 2$. Therefore the auxiliary space complexity includes $O(n)$ frames as well as $O(n)$ table entries in the constant-size-value model. An iterative bottom-up dynamic programming calculation removes these recursive frames; retaining only the two previous Fibonacci numbers suffices when only the final value is wanted, but discards the table useful for later requests.

Exact Fibonacci numbers do not remain constant-size values. For $k\ge 2$, the recurrence relation gives $2^{(k-2)/2}\le F_k\le 2^{k-1}$, so the representation of $F_k$ as a binary number has order $k$ bits. With ordinary addition costing order $k$ bit operations on such operands, the $n-1$ additions cost order $n^2$ bit operations in total. Retaining all values also requires order $n^2$ bits of value storage, before keys and frame overhead. The linear bound counts additions under its stated cost model; it is not a linear bound on exact integer arithmetic in bits.^[ref]

The Fibonacci numbers give an exact example. For a nonnegative integer $n$, their recurrence relation isTo obtain $F_5=5$ by direct recursion, evaluate $F_4$ and $F_3$ separately; computing $F_4$ also evaluates $F_3$. The full call tree has 15 occurrences but just six distinct arguments, $0,1,2,3,4,5$. Shared dependencies form a Directed acyclic graph because every directed edge goes to a strictly smaller argument. Memoization evaluates a distinct argument on first demand; filling values in increasing argument order is the corresponding bottom-up dynamic programming calculation.^[ref]

Use an initially empty hash table memo, shared by every recursive call. Count even the first evaluations of the two base cases, store only completed results, evaluate the left term first, and retain all entries. The following original procedure assumes a nonnegative integer argument:

def cached_fib(n, memo):
    if n in memo:
        return memo[n]
    if n < 2:
        value = n
    else:
        value = cached_fib(n - 1, memo) + cached_fib(n - 2, memo)
    memo[n] = value
    return value

Every self-call must pass through the memoization lookup. Wrapping only the outer call while leaving inner calls uncached retains the repeated work. Test membership rather than whether the stored value is nonzero: $F_0=0$ is a valid completed result.

For cold $F_5$, the lookup arguments are $5,4,3,2,1,0,1,2,3$. The first six are absent; the last three reuse completed answers. Results are stored on return in argument order $1,0,2,3,4,5$, with values $1,0,1,2,3,5$. Thus there are nine wrapper calls, six body evaluations and four additions. Repeating $F_5$ with the same table takes one wrapper call and no body evaluation. Requesting $F_6$ next evaluates only its body, reuses $F_5$ and $F_4$, and stores $F_6=8$: three wrapper calls, one body evaluation and two hits.

The direct-call count satisfies $C_0=C_1=1$ and $C_n=1+C_{n-1}+C_{n-2}$. Its exact solution is $C_n=2F_{n+1}-1$, as substitution into this recurrence relation verifies. With the specified memoization procedure, a cold call at $n\ge 2$ evaluates $n+1$ distinct bodies, makes $n-1$ additions and makes $2n-1$ wrapper calls. There are $n-2$ hits: each of the $n-1$ nonbase bodies issues two recursive calls, in addition to the initial call. The difference is between the number of occurrences and the number of distinct subproblems.