Compact mode

PRODUCT vs AVERAGEIF vs MODE

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

PRODUCT

Mathematical

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

AVERAGEIF

Statistical

AVERAGEIF belongs to the Statistical category. Excel functions for statistical analysis and calculations

MODE

Statistical

MODE belongs to the Statistical category. Excel functions for statistical analysis and calculations
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

PRODUCT

Scientists

PRODUCT is designed for Scientists. Excel functions used in scientific calculations and research Click to see all.

AVERAGEIF

Business Managers

AVERAGEIF is designed for Business Managers. Excel functions helpful for business management and decision making Click to see all.

MODE

Scientists

MODE 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

PRODUCT

Mathematical Operations

PRODUCT is used for Mathematical Operations. Excel functions that perform various mathematical calculations and operations Click to see all.

AVERAGEIF

Data Analysis

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

Statistical Analysis

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

MODE

Statistical Analysis

MODE 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

PRODUCT

Multiplying Numbers Together

PRODUCT is known for Multiplying Numbers Together.

AVERAGEIF

Conditional Average Calculations

AVERAGEIF is known for Conditional Average Calculations.

MODE

Finding Most Frequent Value

MODE is known for Finding Most Frequent Value.

History Comparison

Creation Date 📅

Original release date of the Excel function

PRODUCT

Excel 2.0

PRODUCT was created in Excel 2.0. Functions introduced in the Excel 2.0 version release Click to see all.

AVERAGEIF

Excel 2007

AVERAGEIF was created in Excel 2007. Functions first introduced in Excel 2007 release Click to see all.

MODE

Excel 2.0

MODE was created in Excel 2.0. Functions introduced in the Excel 2.0 version release 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

PRODUCT

Can multiply up to 255 numbers at once

AVERAGEIF

Used over 1 billion times monthly

MODE

One of the original statistical functions
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

PRODUCT

The function that failed elementary school's 'times tables'

AVERAGEIF

Makes statisticians feel superior with basic math

MODE

Finds the popularity contest winner in your data

Usage Information Comparison

Formula Complexity Level 📖

Indicates the difficulty level and complexity of using the Excel function effectively

PRODUCT

Simple

PRODUCT has a Simple complexity level. Basic Excel functions for common calculations and tasks Click to see all.

AVERAGEIF

Simple

AVERAGEIF has a Simple complexity level. Basic Excel functions for common calculations and tasks Click to see all.

MODE

Intermediate

MODE has a Intermediate complexity level. Excel functions with moderate complexity for various tasks 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

MODE

Array

MODE accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.
Version Compatibility 💻

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

For all*

Excel 2019

Excel functions that work specifically in Excel 2019 version

Excel 2016

Excel functions that work specifically in Excel 2016 version

Excel 2013

Excel functions that work specifically in Excel 2013 version
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

Web Excel

Excel functions available in web-based versions
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

PRODUCT

1

PRODUCT needs 1 required arguments Click to see all.

AVERAGEIF

2

AVERAGEIF needs 2 required arguments Click to see all.

MODE

1

MODE needs 1 required arguments Click to see all.
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

For all*

Number

Excel functions that perform calculations specifically with numerical inputs

PRODUCT

Array

PRODUCT accepts Array as input types Excel functions that specifically work with array inputs for calculations

AVERAGEIF

Range

AVERAGEIF accepts Range as input types Excel functions that operate on cell ranges for calculations

MODE

Array

MODE accepts Array as input types Excel functions that specifically work with array inputs for calculations

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

PRODUCT

Handles Multiple Arguments

Functions capable of processing multiple input parameters simultaneously

Array Compatible

AVERAGEIF

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn

Handles Basic Conditional Averaging

MODE

Easy Statistical Analysis

Quick Results

Reliable
Cons ❌

Limitations and potential drawbacks of the Excel function

PRODUCT

Can Overflow With Large Numbers

No Selective Multiplication

AVERAGEIF

Limited Condition Options

Single Criteria Only

MODE

Only Works With Numbers

Limited To Single Mode