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Currently, the New Parameter function is severely limited as it creates a table with every possible parameter value. In cases where the parameter value could be, say, any dollar amount between -$100 billion and $100 billion this is clearly not feasible. It also doesn't allow for string input. Parameter functionality is currently far superior in Tableau.
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Vote here also y'all. Hopefully one of these ideas takes off and gets popular

https://ideas.powerbi.com/forums/265200-power-bi-ideas/suggestions/32797822-what-if-parameter-slicer-limitations