Compact mode

SUMPRODUCT vs AVERAGEIFS vs FORECAST

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

SUMPRODUCT

Mathematical

SUMPRODUCT belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.

AVERAGEIFS

Statistical

AVERAGEIFS belongs to the Statistical category. Excel functions for statistical analysis and calculations Click to see all.

FORECAST

Statistical

FORECAST belongs to the Statistical category. Excel functions for statistical analysis and calculations Click to see all.
Operation Type 🔧

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

For all*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

For whom 👥

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

For all*

Data Analysts

Excel functions specifically designed for data analysis and interpretation
Financial Professionals

Excel functions essential for financial analysis and planning

FORECAST

Scientists

FORECAST 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 function

SUMPRODUCT

Data Analysis

SUMPRODUCT is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.

AVERAGEIFS

Data Analysis

AVERAGEIFS is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.

Statistical Analysis

AVERAGEIFS is used for Statistical Analysis. Excel functions designed for statistical calculations and data analysis Click to see all.

FORECAST

Statistical Analysis

FORECAST is used for Statistical Analysis. Excel functions designed for statistical calculations and data analysis Click to see all.

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

SUMPRODUCT

Matrix Multiplication Calculations

SUMPRODUCT is known for Matrix Multiplication Calculations.

AVERAGEIFS

Multiple Criteria Based Average

AVERAGEIFS is known for Multiple Criteria Based Average.

FORECAST

Linear Trend Prediction

FORECAST is known for Linear Trend Prediction.

History Comparison

Creation Date 📅

Original release date of the Excel function

SUMPRODUCT

Excel 95

SUMPRODUCT was created in Excel 95. Functions that came with Excel 95 release Click to see all.

AVERAGEIFS

Excel 2007

AVERAGEIFS was created in Excel 2007. Functions first introduced in Excel 2007 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

For all*

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

SUMPRODUCT

Can multiply and sum arrays simultaneously

AVERAGEIFS

Can Handle Up To 127 Criteria Pairs

FORECAST

Based on least squares regression method
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

SUMPRODUCT

The function that makes accountants feel like they're doing linear algebra

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 effectively

SUMPRODUCT

Intermediate

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

AVERAGEIFS

Intermediate

AVERAGEIFS 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

For all*

Number

Excel functions specifically designed for numerical calculations

SUMPRODUCT

Array

SUMPRODUCT accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.

AVERAGEIFS

Array

AVERAGEIFS accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.

Range

AVERAGEIFS accepts Range as input data. Excel functions that operate on cell ranges and data sets Click to see all.
Version Compatibility 💻

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

SUMPRODUCT

Excel 2019

SUMPRODUCT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version Click to see all.

Excel 2016

SUMPRODUCT is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version Click to see all.

AVERAGEIFS

Excel 2007

AVERAGEIFS is compatible with Excel 2007 Excel functions that work specifically in Excel 2007 version Click to see all.

FORECAST

Excel 2019

FORECAST is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version Click to see all.

Excel 2016

FORECAST is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version Click to see all.

Excel 2013

FORECAST 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 platforms

For all*

Windows

Excel functions optimized for Windows operating system
MacOS

Excel functions optimized for MacOS users

AVERAGEIFS

Web Excel

AVERAGEIFS runs on Web Excel Excel functions available in web-based versions Click to see all.

Excel Online

AVERAGEIFS runs on Excel Online Excel functions available in the online version of Excel Click to see all.

FORECAST

Web Excel

FORECAST runs on Web Excel Excel functions available in web-based versions Click to see all.
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

SUMPRODUCT

2

SUMPRODUCT needs 2 required arguments Click to see all.

AVERAGEIFS

2

AVERAGEIFS needs 2 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

For all*

Array

Excel functions that specifically work with array inputs for calculations

SUMPRODUCT

Range

SUMPRODUCT accepts Range as input types Excel functions that operate on cell ranges for calculations Click to see all.

AVERAGEIFS

Number

AVERAGEIFS accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.

Range

AVERAGEIFS accepts Range as input types Excel functions that operate on cell ranges for calculations Click to see all.

FORECAST

Number

FORECAST accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

SUMPRODUCT

Powerful For Array Calculations

Excel functions optimized for array calculations handle multiple values simultaneously for efficient processing Click to see all.

Handles Multiple Arrays

Powerful Array Handling

Flexible

AVERAGEIFS

Flexible Criteria Selection

Multiple Condition Support

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn Click to see all.

Multiple Conditions Support

Excel functions handling multiple conditions enable complex logical operations and flexible data filtering Click to see all.

Flexible Range Selection

Functions that enable selecting dynamic ranges and cell references flexibly Click to see all.

Easy To Use With Multiple Criteria

Functions that handle multiple conditions efficiently Click to see all.

Versatile For Complex Analysis

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

SUMPRODUCT

Complex Syntax For Beginners

Limited To Numeric Data

Complex Syntax

Performance Intensive

AVERAGEIFS

Complex Syntax

Limited Data Type Support

Functions that work with only specific data types, restricting versatility Click to see all.

Can Be Slow With Large Datasets

Functions 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

Ease of Use Score 📊

User-rated score for function's ease of use

SUMPRODUCT

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.

AVERAGEIFS

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.

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

SUMPRODUCT

9

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.

AVERAGEIFS

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.

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

SUMPRODUCT

9.5

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.

AVERAGEIFS

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.

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

SUMPRODUCT

9.8

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.

AVERAGEIFS

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

SUMPRODUCT

9.2

The overall score for SUMPRODUCT is 9.2. Click to see all.

AVERAGEIFS

8.2

The overall score for AVERAGEIFS is 8.2. Click to see all.

FORECAST

8.1

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

Alternatives to SUMPRODUCT

Known for Multiple Condition Sum

🔢 needs fewer arguments than SUMPRODUCT

Known for Conditional Sum Calculations

Known for Count Non-Empty Cells

📊 is easier to use than SUMPRODUCT

Known for Basic Arithmetic Calculations

📊 is easier to use than SUMPRODUCT

Known for Multiple Criteria Counting

📈 is more versatile than SUMPRODUCT

Known for Filtered Data Calculations

Known for Two-Way Lookup Power

🔢 needs fewer arguments than SUMPRODUCT

📈 is more versatile than SUMPRODUCT

Known for Counting Numeric Cells

📊 is easier to use than SUMPRODUCT

Known for Multiple Criteria Max

🔢 needs fewer arguments than SUMPRODUCT

Known for Database Max Value

🔢 needs fewer arguments than SUMPRODUCT