Compact mode
SUM 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 typesSUMPMTFORECASTOperation 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 functionSUM- Data AnalystsSUM is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
- Business ManagersSUM is designed for Business Managers. Excel functions helpful for business management and decision making 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.
Purpose 📝
Primary purposes and use cases of the Excel functionSUM- Data AnalysisSUM is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.
- Data AggregationSUM is used for Data Aggregation. Functions for combining and summarizing data Click to see all.
PMTFORECAST
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionSUM- Basic Arithmetic CalculationsSUM is known for Basic Arithmetic Calculations.
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 functionSUM- Most commonly used 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 functionSUM- Making adding numbers look complicated since 1985
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 effectivelySUMPMTFORECAST
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
- Excel 2013Excel functions that work specifically in Excel 2013 version
SUMOperating 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 properlySUMPMTFORECASTRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*SUM- RangeSUM accepts Range as input types Excel functions that operate on cell ranges for calculations Click to see all.
- ArraySUM accepts Array as input types Excel functions that specifically work with array inputs for calculations Click to see all.
FORECAST
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionSUM- Easy To Use
- Widely Recognized
- Versatile
- Fast Calculation
PMT- 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 functionSUM- Limited To Numbers Only
- Cannot Handle Text
- No Text Handling
PMT- Negative Number Output
- Complex Parameters
FORECAST- Assumes Linear Relationship
- Complex Setup
- Sensitive To Outliers
Ratings Comparison
Alternatives to SUM
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
MOD
Known for Division Remainder Calculations📊 is easier to use than PMT
AVERAGE
Known for Basic Statistical Calculation📊 is easier to use than PMT
⭐ is rated higher than PMT
MIN
Known for Finding Lowest Value📊 is easier to use than PMT
⭐ is rated higher 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
SUMIF
Known for Conditional Sum Calculations📊 is easier to use 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