Compact mode

AVERAGE vs SUBSTITUTE vs PMT

Table of content

Basic Classification Comparison
Usage Context Comparison
Basic Information Comparison
History Comparison
Facts Comparison

Usage Information Comparison
Technical Details Comparison
Evaluation Comparison
Ratings Comparison

Basic Classification Comparison

Function Category 📊

Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function types

AVERAGE

Statistical

AVERAGE belongs to the Statistical category. Excel functions for statistical analysis and calculations Click to see all.

SUBSTITUTE

Text

SUBSTITUTE belongs to the Text category. Excel functions for manipulating and analyzing text data Click to see all.

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis Click to see all.
Operation Type 🔧

Fundamental type of operation or action that the Excel function performs on its inputs

AVERAGE

Calculation

AVERAGE performs Calculation operations. Excel functions for performing various calculations Click to see all.

SUBSTITUTE

Manipulation

SUBSTITUTE performs Manipulation operations. Functions that modify and transform data in different ways Click to see all.

PMT

Calculation

PMT performs Calculation operations. Excel functions for performing various calculations Click to see all.

Usage Context Comparison

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

AVERAGE

Basic Statistical Calculation

AVERAGE is known for Basic Statistical Calculation.

SUBSTITUTE

Replace Specific Text

SUBSTITUTE is known for Replace Specific Text.

PMT

Calculate Loan Payments

PMT is known for Calculate Loan Payments.

History Comparison

Creation Date 📅

Original release date of the Excel function

AVERAGE

Excel 2.0

AVERAGE was created in Excel 2.0. Functions introduced in the Excel 2.0 version release Click to see all.

SUBSTITUTE

Excel 97

SUBSTITUTE was created in Excel 97. Functions first available in Excel 97 version Click to see all.

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version Click to see all.
Created By 👤

Organization or team responsible for developing the function

For all*

Microsoft Excel Team

Functions officially created by the Microsoft Excel development team

Facts Comparison

Interesting Fact 💡

Unique or lesser-known information about the Excel function

AVERAGE

Most basic statistical function

SUBSTITUTE

Originally designed for mail merge operations

PMT

Most used function in banking industry
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

AVERAGE

Making averages average since Excel began

SUBSTITUTE

Find and replace's overachieving cousin

PMT

The function that reminds you of your debts

Usage Information Comparison

Formula Complexity Level 📖

Indicates the difficulty level and complexity of using the Excel function effectively

AVERAGE

Simple

AVERAGE has a Simple complexity level. Basic Excel functions for common calculations and tasks Click to see all.

SUBSTITUTE

Intermediate

SUBSTITUTE has a Intermediate complexity level. Excel functions with moderate complexity for various tasks Click to see all.

PMT

Intermediate

PMT has a Intermediate complexity level. Excel functions with moderate complexity for various tasks Click to see all.

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

AVERAGE

Number

AVERAGE accepts Number as input data. Excel functions specifically designed for numerical calculations Click to see all.

SUBSTITUTE

Text

SUBSTITUTE accepts Text as input data. Excel functions specifically designed for text manipulation Click to see all.

PMT

Number

PMT accepts Number as input data. Excel functions specifically designed for numerical calculations Click to see all.
Version Compatibility 💻

Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.

For all*

Excel 2019

Excel functions that work specifically in Excel 2019 version
Excel 2016

Excel functions that work specifically in Excel 2016 version
Excel 2013

Excel functions that work specifically in Excel 2013 version

AVERAGE

Microsoft 365

AVERAGE is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform Click to see all.

Excel Online

AVERAGE is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform Click to see all.
Operating System 💾

Specifies the operating systems where the function can be used < including Windows< macOS< and web platforms

For all*

Windows

Excel functions optimized for Windows operating system
MacOS

Excel functions optimized for MacOS users
Web Excel

Excel functions available in web-based versions
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

AVERAGE

1

AVERAGE needs 1 required arguments Click to see all.

SUBSTITUTE

3

SUBSTITUTE needs 3 required arguments Click to see all.

PMT

3

PMT needs 3 required arguments Click to see all.
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

For all*

Number

Excel functions that perform calculations specifically with numerical inputs

AVERAGE

Range

AVERAGE accepts Range as input types Excel functions that operate on cell ranges for calculations Click to see all.

Array

AVERAGE accepts Array as input types Excel functions that specifically work with array inputs for calculations Click to see all.

SUBSTITUTE

Text

SUBSTITUTE accepts Text as input types Excel functions specialized in text string manipulation and processing Click to see all.

Text

SUBSTITUTE accepts Text as input types Excel functions specialized in text string manipulation and processing Click to see all.

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

AVERAGE

Simple To Use

Common Function

Universal

SUBSTITUTE

Multiple Replacements

Case Sensitive

Precise

PMT

Accurate Calculations

Industry Standard

Excel functions recognized as industry standards ensure widespread compatibility and reliability Click to see all.

Reliable
Cons ❌

Limitations and potential drawbacks of the Excel function

AVERAGE

Ignores Text

Includes Zero Values

Functions that consider zero values in calculations, impacting statistical results Click to see all.

Numbers Only

No Weights

SUBSTITUTE

Requires Exact Match

Complex Syntax

PMT

Negative Number Output

Complex Parameters