Compact mode

MIN vs AVERAGE 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

MIN

Mathematical

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

AVERAGE

Statistical

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

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*

Data Analysts

Excel functions specifically designed for data analysis and interpretation

MIN

Scientists

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

AVERAGE

Students

AVERAGE is designed for Students. Excel functions helpful for academic work and learning Click to see all.

FORECAST

Financial Professionals

FORECAST is designed for Financial Professionals. Excel functions essential for financial analysis and planning 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

MIN

Data Analysis

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

AVERAGE

Statistical Analysis

AVERAGE 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

MIN

Finding Lowest Value

MIN is known for Finding Lowest Value.

AVERAGE

Basic Statistical Calculation

AVERAGE is known for Basic Statistical Calculation.

FORECAST

Linear Trend Prediction

FORECAST is known for Linear Trend Prediction.

History Comparison

Creation Date 📅

Original release date of the Excel function

MIN

Excel 2.0

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

AVERAGE

Excel 2.0

AVERAGE was created in Excel 2.0. Functions introduced in the Excel 2.0 version 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

MIN

First mathematical function in Excel

AVERAGE

Most basic statistical function

FORECAST

Based on least squares regression method
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

MIN

The pessimist's favorite function

AVERAGE

Making averages average since Excel began

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

MIN

Simple

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

AVERAGE

Simple

AVERAGE has a Simple complexity level. Basic Excel functions for common calculations and 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
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

AVERAGE

Excel 2013

AVERAGE is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version

Microsoft 365

AVERAGE is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform

Excel Online

AVERAGE is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform

FORECAST

Excel 2013

FORECAST is compatible with 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

MIN

1

MIN needs 1 required arguments Click to see all.

AVERAGE

1

AVERAGE needs 1 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

Array

Excel functions that specifically work with array inputs for calculations

AVERAGE

Range

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

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

MIN

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn

Reliable

AVERAGE

Simple To Use

Common Function

Universal

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

MIN

Only Works With Numbers

No Text Handling

AVERAGE

Ignores Text

Includes Zero Values

Functions that consider zero values in calculations, impacting statistical results Click to see all.

Numbers Only

No Weights

FORECAST

Assumes Linear Relationship

Complex Setup

Sensitive To Outliers