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In this paper, we analyze and compare the properties of different well-known and also new nonparametric discrete Fourier transform (DFT)-based methods for resonant frequency and logarithmic decrement estimation in application to mechanical spectroscopy. We derive a new DFT interpolation algorithm for a signal analyzed with Rife-Vincent class-I windows and also propose new formulas that extend Bertocco and Yoshida methods. We study errors of the resonant frequency and logarithmic decrement estimation in realistic conditions that include measurement noise and a zero-point drift. We also investigate the systematic errors of the estimation methods of interest. A nonlinear least squares time-domain parametric signal fitting is used to determine the boundaries of statistical efficiency in all tests.