Compact mode
POWER vs PMT vs FORECAST
Table of content
Basic Classification Comparison
Function Category 📊
Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function typesPOWERPMTFORECAST- StatisticalFORECAST 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 inputsFor all*- CalculationExcel functions for performing various calculations
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionPOWER- ScientistsPOWER is designed for Scientists. Excel functions used in scientific calculations and research Click to see all.
- EngineersPOWER is designed for Engineers. Excel functions commonly used in engineering calculations and analysis Click to see all.
PMT- Financial ProfessionalsPMT is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
- AccountantsPMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.
FORECAST- Financial ProfessionalsFORECAST is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
- Data AnalystsFORECAST is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
- ScientistsFORECAST is designed for Scientists. Excel functions used in scientific calculations and research Click to see all.
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPOWER- Exponential CalculationsPOWER is known for Exponential Calculations.
PMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
FORECAST- Linear Trend PredictionFORECAST is known for Linear Trend Prediction.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPOWER- More efficient than using multiplication operators
PMT- Most used function in banking industry
FORECAST- Based on least squares regression method
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPOWER- The function that makes numbers feel superior
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 effectivelyPOWERPMTFORECAST
Technical Details Comparison
Input Data Type 📝
Types of data that the Excel function accepts as input parametersFor all*- NumberExcel 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 2019Excel functions that work specifically in Excel 2019 version
- Excel 2016Excel functions that work specifically in Excel 2016 version
- Excel 2013Excel 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 platformsFor all*- WindowsExcel functions optimized for Windows operating system
- MacOSExcel functions optimized for MacOS users
- Web ExcelExcel functions available in web-based versions
Required Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyPOWERPMTFORECASTRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*- NumberExcel functions that perform calculations specifically with numerical inputs
FORECAST- ArrayFORECAST 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 functionPOWER- Precise Power Calculations
- Handles Large Numbers
PMT- Accurate Calculations
- Industry StandardExcel functions recognized as industry standards ensure widespread compatibility and reliability
- Reliable
FORECAST- Statistical AccuracyExcel functions with high statistical accuracy ensure precise mathematical and analytical results
- Trend Analysis
- Professional
- Scientific Prediction
- Based On Historical DataFunctions that analyze and process historical time-series data
Cons ❌
Limitations and potential drawbacks of the Excel functionPOWER- Can Return Errors With Very Large NumbersFunctions that may fail or return incorrect results when processing very large numerical values Click to see all.
- Limited To Real Numbers
PMT- Negative Number Output
- Complex Parameters
FORECAST- Assumes Linear Relationship
- Complex Setup
- Sensitive To Outliers
Ratings Comparison
Alternatives to POWER
MOD
Known for Division Remainder Calculations
⚙
performs better than POWER
ROUND
Known for Round Numbers
📊
is easier to use than POWER
📈
is more versatile than POWER
⚙
performs better than POWER
⭐
is rated higher than POWER
FACT
Known for Calculate Factorials
⚙
performs better than POWER
INT
Known for Rounding Down To Integers
📊
is easier to use than POWER
⚙
performs better than POWER
MIN
Known for Finding Lowest Value
⚙
performs better than POWER
⭐
is rated higher than POWER
ROUNDUP
Known for Ceiling Rounding
⚙
performs better than POWER
MAX
Known for Finding Highest Value
⚙
performs better than POWER
⭐
is rated higher than POWER