Compact mode

SMALL vs IFERROR 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

SMALL

Statistical

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

IFERROR

Logical

IFERROR belongs to the Logical category. Excel functions for performing logical operations and decision making 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*

Data Analysts

Excel functions specifically designed for data analysis and interpretation

SMALL

Statisticians

SMALL is designed for Statisticians. Excel functions designed for statistical analysis and probability calculations Click to see all.

IFERROR

Business Managers

IFERROR is designed for Business Managers. Excel functions helpful for business management and decision making 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

SMALL

Statistical Analysis

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

IFERROR

Error Handling

IFERROR is used for Error Handling. Excel functions for error handling help identify and manage errors in formulas and 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

SMALL

Finding Nth Smallest Value

SMALL is known for Finding Nth Smallest Value.

IFERROR

Error Handling And Prevention

IFERROR is known for Error Handling And Prevention.

FORECAST

Linear Trend Prediction

FORECAST is known for Linear Trend Prediction.

History Comparison

Creation Date 📅

Original release date of the Excel function

SMALL

Excel 97

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

IFERROR

Excel 2007

IFERROR was created in Excel 2007. Functions first introduced in Excel 2007 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

SMALL

Commonly used in grade calculations

IFERROR

Created after user complaints

FORECAST

Based on least squares regression method
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

SMALL

The underachiever of the statistical functions

IFERROR

Excel's way of saying 'nothing to see here'

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

SMALL

Simple

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

IFERROR

Simple

IFERROR 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

SMALL

Array

SMALL accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.

IFERROR

Text

IFERROR accepts Text as input data. Excel functions specifically designed for text manipulation Click to see all.

Error

IFERROR accepts Error as input data. Excel functions for managing and handling error values 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

IFERROR

Excel 2007

IFERROR is compatible with Excel 2007 Excel functions that work specifically in Excel 2007 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

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

SMALL

2

SMALL needs 2 required arguments Click to see all.

IFERROR

2

IFERROR needs 2 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

SMALL

Range

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

IFERROR

Error

IFERROR accepts Error as input types Excel functions designed to handle and manage calculation errors effectively

Range

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

SMALL

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn

Reliable Results

IFERROR

Prevents Formula Errors

Clean Presentation

Easy To Implement

Clear Error Messages

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

SMALL

Array Size Limitations

Static Ranking

IFERROR

Can Mask Real Errors

Functions that could conceal underlying data or calculation problems from users Click to see all.

Binary Output Only

Limited Flexibility

Only Handles Errors

FORECAST

Assumes Linear Relationship

Complex Setup

Sensitive To Outliers