By using our website, you agree to the collection and processing of your data collected by 3rd party. See GDPR policy

Compact mode

MODE vs FORECAST

Known for Finding Most Frequent Value

VS

Known for Linear Trend Prediction

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

Both*

Statistical

Excel functions for statistical analysis and calculations
Operation Type 🔧

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

Both*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

For whom 👥

Target user groups who would benefit most from using this Excel function

Both*

Data Analysts

Excel functions specifically designed for data analysis and interpretation
Scientists

Excel functions used in scientific calculations and research

FORECAST

Financial Professionals

FORECAST is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
Purpose 📝

Primary purposes and use cases of the Excel function

Both*

Statistical Analysis

Excel functions designed for statistical calculations and data analysis

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

MODE

Finding Most Frequent Value

MODE is known for Finding Most Frequent Value.

FORECAST

Linear Trend Prediction

FORECAST is known for Linear Trend Prediction.

History Comparison

Creation Date 📅

Original release date of the Excel function

MODE

Excel 2.0

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

FORECAST

Excel 97

FORECAST was created in Excel 97. Functions first available in Excel 97 version Click to see all.
Created By 👤

Organization or team responsible for developing the function

Both*

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

MODE

One of the original statistical functions

FORECAST

Based on least squares regression method
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

MODE

Finds the popularity contest winner in your data

FORECAST

The crystal ball of Excel functions

Usage Information Comparison

Formula Complexity Level 📖

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

MODE

Intermediate

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

FORECAST

Advanced

FORECAST has a Advanced complexity level. Complex Excel functions for sophisticated calculations and operations Click to see all.

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

Both*

Number

Excel functions specifically designed for numerical calculations

MODE

Array

MODE accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.
Version Compatibility 💻

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

Both*

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
Operating System 💾

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

Both*

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

MODE

1

MODE needs 1 required arguments Click to see all.

FORECAST

3

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

The data types accepted as valid input arguments for the function

Both*

Number

Excel functions that perform calculations specifically with numerical inputs
Array

Excel functions that specifically work with array inputs for calculations

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

MODE

Easy Statistical Analysis

Quick Results

Reliable

FORECAST

Statistical Accuracy

Excel functions with high statistical accuracy ensure precise mathematical and analytical results Click to see all.

Trend Analysis

Professional

Scientific Prediction

Based On Historical Data

Functions that analyze and process historical time-series data Click to see all.
Cons ❌

Limitations and potential drawbacks of the Excel function

MODE

Only Works With Numbers

Limited To Single Mode

FORECAST

Assumes Linear Relationship

Complex Setup

Sensitive To Outliers

Ratings Comparison

Ease of Use Score 📊

User-rated score for function's ease of use

MODE

8.5

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.

FORECAST

7.5

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.
Versatility Score 📈

Rating for function's adaptability to different scenarios

MODE

6.5

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.

FORECAST

8.5

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.
Performance Score ⚙

Rating for function's execution speed and efficiency

MODE

9

Rating for function's execution speed and efficiency (25%) Functions with higher performance scores execute faster and use system resources more efficiently. Click to see all.

FORECAST

8

Rating for function's execution speed and efficiency (25%) Functions with higher performance scores execute faster and use system resources more efficiently. Click to see all.
Reliability Score 🛠

Rating for function's consistency and error handling

MODE

9

Rating for function's consistency and error handling (25%) Functions with higher reliability scores produce more consistent results and handle edge cases better. Click to see all.

FORECAST

8.5

Rating for function's consistency and error handling (25%) Functions with higher reliability scores produce more consistent results and handle edge cases better. Click to see all.
Score ⭐

Overall rating combining all scoring attributes

MODE

8.3

The overall score for MODE is 8.3. Click to see all.

FORECAST

8.1

The overall score for FORECAST is 8.1. Click to see all.

Alternatives to MODE

Known for Multiple Condition Sum

🛠 is more reliable than FORECAST

⭐ is rated higher than FORECAST

Add to comparison

Known for Measuring Data Peakedness

⚙ performs better than FORECAST

🛠 is more reliable than FORECAST

Add to comparison

Known for Position Finding

🛠 is more reliable than FORECAST

⭐ is rated higher than FORECAST

Add to comparison

Known for Multiple Criteria Based Average

🛠 is more reliable than FORECAST

⭐ is rated higher than FORECAST

Add to comparison

Known for Calculate Loan Payments

📊 is easier to use than FORECAST

⚙ performs better than FORECAST

🛠 is more reliable than FORECAST

⭐ is rated higher than FORECAST

Add to comparison

Known for Basic Statistical Calculation

📊 is easier to use than FORECAST

⚙ performs better than FORECAST

🛠 is more reliable than FORECAST

⭐ is rated higher than FORECAST

Add to comparison

Known for Finding Nth Smallest Value

📊 is easier to use than FORECAST

⚙ performs better than FORECAST

🛠 is more reliable than FORECAST

⭐ is rated higher than FORECAST

Add to comparison

Known for Basic Arithmetic Calculations

📊 is easier to use than FORECAST

⚙ performs better than FORECAST

🛠 is more reliable than FORECAST

⭐ is rated higher than FORECAST

Add to comparison

Known for Distribution Analysis

⚙ performs better than FORECAST

🛠 is more reliable than FORECAST

⭐ is rated higher than FORECAST

Add to comparison

Known for Round Numbers

📊 is easier to use than FORECAST

⚙ performs better than FORECAST

🛠 is more reliable than FORECAST

⭐ is rated higher than FORECAST

Add to comparison

Contact: [email protected]