explain the difference between a multiband compressor and a dynamic equalizer
They're very similar. A multiband compressor operates consistently on different frequency bands (ex, 0-120Hz, 120-500Hz, 500-15000Hz), whereas a dynamic equalizer adapts the amount of gain and reduction based on the user-defined configuration of the EQ. A multiband compressor operates more like a compressor, with thresholds and ratios, and a dynamic equalizer operates more like like an equalizer, with standard filter curves a decibel boosts.
Can you describe the controls of each with examples? I don't know what an EQ is.