Compact mode
MIN vs PMT 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 typesMINPMTFORECASTOperation 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 functionMIN- Data AnalystsMIN is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
- ScientistsMIN is designed for Scientists. Excel functions used in scientific calculations and research Click to see all.
PMT- 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.
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 functionMIN- Finding Lowest ValueMIN is known for Finding Lowest Value.
PMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
FORECAST- Linear Trend PredictionFORECAST is known for Linear Trend Prediction.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionMIN- First mathematical function in Excel
PMT- Most used function in banking industry
FORECAST- Based on least squares regression method
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionMIN- The pessimist's favorite function
PMT- The function that reminds you of your debts
FORECAST- The crystal ball of Excel functions
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyMINPMTFORECAST
Technical Details Comparison
Version 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*Required Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyMINPMTFORECASTRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*MINFORECAST
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionMINPMT- Accurate Calculations
- Industry StandardExcel functions recognized as industry standards ensure widespread compatibility and reliability Click to see all.
- Reliable
FORECASTCons ❌
Limitations and potential drawbacks of the Excel functionMIN- Only Works With Numbers
- No Text Handling
PMT- Negative Number Output
- Complex Parameters
FORECAST- Assumes Linear Relationship
- Complex Setup
- Sensitive To Outliers
Ratings Comparison
Alternatives to MIN
COUNT
Known for Counting Numeric Cells📊 is easier to use than MIN
SUM
Known for Basic Arithmetic Calculations📊 is easier to use than MIN
📈 is more versatile than MIN
🛠 is more reliable than MIN
⭐ is rated higher than MIN
MOD
Known for Division Remainder Calculations🔢 needs fewer arguments than MIN
ROUND
Known for Round Numbers🔢 needs fewer arguments than MIN
📊 is easier to use than MIN
📈 is more versatile than MIN
⭐ is rated higher than MIN
POWER
Known for Exponential Calculations🔢 needs fewer arguments than MIN