PMT vs FORECAST vs DSTDEV
Compact mode

PMT vs FORECAST vs DSTDEV

Table of content

Basic Classification Comparison

Usage Context Comparison

Basic Information Comparison

  • Known For ⭐
    Distinctive characteristic or primary strength of the Excel function
    PMT
    • Calculate Loan Payments
      PMT is known for Calculate Loan Payments.
    FORECAST
    • Linear Trend Prediction
      FORECAST is known for Linear Trend Prediction.
    DSTDEV
    • Database Standard Deviation
      DSTDEV is known for Database Standard Deviation.

Facts Comparison

  • Interesting Fact 💡
    Unique or lesser-known information about the Excel function
    PMT
    • Most used function in banking industry
    FORECAST
    • Based on least squares regression method
    DSTDEV
    • Most used in quality control

  • Sarcastic Fact 🤣
    Humorous or ironic observation about the Excel function
    PMT
    • The function that reminds you of your debts
    FORECAST
    • The crystal ball of Excel functions
    DSTDEV
    • The deviation detective

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
    DSTDEV

  • 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
    PMT
    • Excel 2016
      PMT is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version
    • Excel 2013
      PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
    FORECAST
    • Excel 2016
      FORECAST is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version
    • Excel 2013
      FORECAST is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
    DSTDEV
    • Excel 97
      DSTDEV is compatible with Excel 97 Excel functions that work in the classic Excel 97 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
    For all*

  • Required Arguments Type 📊
    The data types accepted as valid input arguments for the function
    PMT
    • Number
      PMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs
    • Number
      PMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs
    • Number
      PMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs
    FORECAST
    • Array
      FORECAST accepts Array as input types Excel functions that specifically work with array inputs for calculations
    • Number
      FORECAST accepts Number as input types Excel functions that perform calculations specifically with numerical inputs
    DSTDEV
    • Range
      DSTDEV accepts Range as input types Excel functions that operate on cell ranges for calculations
    • Text
      DSTDEV accepts Text as input types Excel functions specialized in text string manipulation and processing
    • Criteria
      DSTDEV accepts Criteria as input types Excel functions that use specific criteria for filtering and conditional operations

Evaluation Comparison

  • Pros ✅
    Key advantages and strengths of the Excel function
    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
    DSTDEV
    • Statistical Accuracy
      Excel functions with high statistical accuracy ensure precise mathematical and analytical results
    • Database Filtering
      Functions that filter and sort database-like data structures
    • Accurate Statistical Measure
      Functions that provide accurate statistical calculations and metrics
    • Database Friendly

  • Cons ❌
    Limitations and potential drawbacks of the Excel function
    PMT
    • Negative Number Output
    • Complex Parameters
    FORECAST
    • Assumes Linear Relationship
    • Complex Setup
    • Sensitive To Outliers
    DSTDEV
    • Complex Implementation
    • Limited Use Cases
    • Limited Application
    • Complex Setup

Ratings Comparison

Alternatives to PMT
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
MIN
Known for Finding Lowest Value
📊 is easier to use than PMT
⭐ is rated higher than PMT
AVERAGE
Known for Basic Statistical Calculation
📊 is easier to use than PMT
⭐ is rated higher than PMT
MOD
Known for Division Remainder Calculations
📊 is easier to use 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
RIGHT
Known for Extract Rightmost Characters
📊 is easier to use than PMT
⭐ is rated higher 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