Compact mode
PMT vs AVERAGEIFS 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 typesPMTAVERAGEIFSFORECASTOperation 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 functionFor all*PMTAVERAGEIFSFORECASTPurpose 📝
Primary purposes and use cases of the Excel functionPMTAVERAGEIFS- Data AnalysisAVERAGEIFS is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.
- Statistical AnalysisAVERAGEIFS is used for Statistical Analysis. Excel functions designed for statistical calculations and data analysis Click to see all.
FORECAST
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
AVERAGEIFS- Multiple Criteria Based AverageAVERAGEIFS is known for Multiple Criteria Based Average.
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
AVERAGEIFS- Can Handle Up To 127 Criteria Pairs
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
AVERAGEIFS- Makes Simple Averages Feel Inadequate
FORECAST- The crystal ball of Excel functions
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyPMTAVERAGEIFSFORECAST
Technical Details Comparison
Input Data Type 📝
Types of data that the Excel function accepts as input parametersFor all*AVERAGEIFSVersion Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.PMT- Excel 2019PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version Click to see all.
- Excel 2016PMT is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version Click to see all.
- Excel 2013PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version Click to see all.
AVERAGEIFSFORECAST- Excel 2019FORECAST is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version Click to see all.
- Excel 2016FORECAST is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version Click to see all.
- Excel 2013FORECAST is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version Click to see all.
Operating 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
- Web ExcelExcel functions available in web-based versions
AVERAGEIFSRequired Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyPMTAVERAGEIFSFORECASTRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
AVERAGEIFS- ArrayAVERAGEIFS accepts Array as input types Excel functions that specifically work with array inputs for calculations Click to see all.
- RangeAVERAGEIFS 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
AVERAGEIFS- Flexible Criteria Selection
- Multiple Condition Support
- Easy To UnderstandFunctions with clear and intuitive syntax that are simple to learn Click to see all.
- Multiple Conditions SupportExcel functions handling multiple conditions enable complex logical operations and flexible data filtering Click to see all.
- Flexible Range SelectionFunctions that enable selecting dynamic ranges and cell references flexibly Click to see all.
- Easy To Use With Multiple CriteriaFunctions that handle multiple conditions efficiently Click to see all.
- Versatile For Complex Analysis
FORECASTCons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
AVERAGEIFS- Complex Syntax
- Limited Data Type SupportFunctions that work with only specific data types, restricting versatility Click to see all.
- Can Be Slow With Large DatasetsFunctions that process large amounts of data may significantly impact spreadsheet performance Click to see all.
- Limited To Numeric Values Only
- Limited To Numerical Data Only
- Requires Careful Range Selection
FORECAST- Assumes Linear Relationship
- Complex Setup
- Sensitive To Outliers
Ratings Comparison
Versatility Score 📈
Rating for function's adaptability to different scenariosPMTAVERAGEIFSFORECAST
Alternatives to PMT
SUMIFS
Known for Multiple Condition Sum📈 is more versatile than PMT
ROUND
Known for Round Numbers📊 is easier to use than PMT
📈 is more versatile than PMT
⭐ is rated higher than PMT
MIN
Known for Finding Lowest Value📊 is easier to use than PMT
⭐ is rated higher than PMT
AVERAGE
Known for Basic Statistical Calculation📊 is easier to use than PMT
⭐ is rated higher than PMT
MOD
Known for Division Remainder Calculations📊 is easier to use than PMT
FACT
Known for Calculate Factorials📊 is easier to use than PMT
POWER
Known for Exponential Calculations📊 is easier to use than PMT
⭐ is rated higher than PMT
PRODUCT
Known for Multiplying Numbers Together📊 is easier to use than PMT
RIGHT
Known for Extract Rightmost Characters📊 is easier to use than PMT
⭐ is rated higher than PMT
EOMONTH
Known for End Of Month Calculations📊 is easier to use than PMT
🛠 is more reliable than PMT
⭐ is rated higher than PMT