Compact mode

EOMONTH vs PMT 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

EOMONTH

Date & Time

EOMONTH belongs to the Date & Time category. Excel functions for working with dates and time calculations Click to see all.

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis Click to see all.

FORECAST

Statistical

FORECAST 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*

Financial Professionals

Excel functions essential for financial analysis and planning

EOMONTH

Accountants

EOMONTH is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.

PMT

Accountants

PMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.

FORECAST

Data Analysts

FORECAST is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.

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

EOMONTH

Date Calculations

EOMONTH is used for Date Calculations. Functions for working with dates and time calculations Click to see all.

PMT

Financial Calculations

PMT is used for Financial Calculations. Excel functions designed for financial analysis and monetary calculations 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

EOMONTH

End Of Month Calculations

EOMONTH is known for End Of Month Calculations.

PMT

Calculate Loan Payments

PMT is known for Calculate Loan Payments.

FORECAST

Linear Trend Prediction

FORECAST is known for Linear Trend Prediction.

History Comparison

Creation Date 📅

Original release date of the Excel function

EOMONTH

Excel 97

EOMONTH was created in Excel 97. Functions first available in Excel 97 version Click to see all.

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version 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

EOMONTH

Used heavily in financial reporting

PMT

Most used function in banking industry

FORECAST

Based on least squares regression method
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

EOMONTH

The function that knows when payday is

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 effectively

EOMONTH

Simple

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

PMT

Intermediate

PMT 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

EOMONTH

Date

EOMONTH accepts Date as input data. Excel functions for working with dates and time values

PMT

Number

PMT accepts Number as input data. Excel functions specifically designed for numerical calculations

FORECAST

Number

FORECAST accepts Number as input data. Excel functions specifically designed for numerical calculations
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

PMT

Web Excel

PMT runs on Web Excel Excel functions available in web-based versions

FORECAST

Web Excel

FORECAST runs on Web Excel Excel functions available in web-based versions
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

EOMONTH

2

EOMONTH needs 2 required arguments Click to see all.

PMT

3

PMT needs 3 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*

Number

Excel functions that perform calculations specifically with numerical inputs

EOMONTH

Date

EOMONTH accepts Date as input types Excel functions specialized in processing date and time calculations

FORECAST

Array

FORECAST 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

EOMONTH

Reliable For Financial Reporting

Month-End Processing

PMT

Accurate Calculations

Industry Standard

Excel functions recognized as industry standards ensure widespread compatibility and reliability

Reliable

FORECAST

Statistical Accuracy

Excel functions with high statistical accuracy ensure precise mathematical and analytical results

Trend Analysis

Professional

Scientific Prediction

Based On Historical Data

Functions that analyze and process historical time-series data
Cons ❌

Limitations and potential drawbacks of the Excel function

EOMONTH

Limited To Month-End Dates

Requires Date Serial Numbers

Functions that need dates in Excel's internal serial number format Click to see all.

PMT

Negative Number Output

Complex Parameters

FORECAST

Assumes Linear Relationship

Complex Setup

Sensitive To Outliers