Compact mode
PMT vs FREQUENCY vs FORECAST
Table of content
Basic Classification Comparison
Function Category 📊
Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function typesPMTFREQUENCYFORECASTOperation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsFor all*
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionPMT- Financial ProfessionalsPMT is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
- AccountantsPMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.
FREQUENCY- ScientistsFREQUENCY is designed for Scientists. Excel functions used in scientific calculations and research Click to see all.
- StatisticiansFREQUENCY is designed for Statisticians. Excel functions designed for statistical analysis and probability calculations Click to see all.
FORECAST- Financial ProfessionalsFORECAST is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
- Data AnalystsFORECAST is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
- ScientistsFORECAST is designed for Scientists. Excel functions used in scientific calculations and research Click to see all.
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
FREQUENCY- Distribution AnalysisFREQUENCY is known for Distribution Analysis.
FORECAST- Linear Trend PredictionFORECAST is known for Linear Trend Prediction.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPMT- Most used function in banking industry
FREQUENCY- Essential for histogram creation
FORECAST- Based on least squares regression method
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPMT- The function that reminds you of your debts
FREQUENCY- The function statisticians dream about
FORECAST- The crystal ball of Excel functions
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyPMTFREQUENCYFORECAST
Technical Details Comparison
Input Data Type 📝
Types of data that the Excel function accepts as input parametersPMTFREQUENCYFORECASTVersion Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.For all*- Excel 2019Excel functions that work specifically in Excel 2019 version
- Excel 2016Excel functions that work specifically in Excel 2016 version
PMTFORECASTOperating System 💾
Specifies the operating systems where the function can be used < including Windows< macOS< and web platformsFor all*- WindowsExcel functions optimized for Windows operating system
- MacOSExcel functions optimized for MacOS users
PMTFORECASTRequired Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyPMTFREQUENCYFORECASTRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionPMT- NumberPMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
- NumberPMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
- NumberPMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
FREQUENCY- ArrayFREQUENCY accepts Array as input types Excel functions that specifically work with array inputs for calculations Click to see all.
- RangeFREQUENCY accepts Range as input types Excel functions that operate on cell ranges for calculations Click to see all.
FORECAST
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionPMT- Accurate Calculations
- Industry StandardExcel functions recognized as industry standards ensure widespread compatibility and reliability Click to see all.
- Reliable
FREQUENCY- Powerful Statistical Analysis
- Array Output
FORECASTCons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
FREQUENCY- Must Be Entered As Array Formula
- Complex Usage
FORECAST- Assumes Linear Relationship
- Complex Setup
- Sensitive To Outliers
Ratings Comparison
Versatility Score 📈
Rating for function's adaptability to different scenariosPMTFREQUENCYFORECAST
Alternatives to PMT
SMALL
Known for Finding Nth Smallest Value📊 is easier to use than FREQUENCY
AGGREGATE
Known for Advanced Calculations With Options🔢 needs fewer arguments than FREQUENCY
📈 is more versatile than FREQUENCY
⭐ is rated higher than FREQUENCY
MODE
Known for Finding Most Frequent Value📊 is easier to use than FREQUENCY
FILTER
Known for Advanced Filtering📊 is easier to use than FREQUENCY
📈 is more versatile than FREQUENCY
⭐ is rated higher than FREQUENCY
AVERAGEIF
Known for Conditional Average Calculations📊 is easier to use than FREQUENCY
LARGE
Known for Finding Nth Largest Value📊 is easier to use than FREQUENCY
TRANSPOSE
Known for Converting Row Data To Columns📊 is easier to use than FREQUENCY
⭐ is rated higher than FREQUENCY
PRODUCT
Known for Multiplying Numbers Together📊 is easier to use than FREQUENCY