is there a method for assigning a dynamic name and location for the Frequency Table report?
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Can you clarify the question a bit further?
I would like to save to frequency table report to a network drive and append the date to the end of the report name dynamically.
Sure! An Output Data tool would do the trick to output the data to the network location, but beforehand you can create the FileName with a Formula tool. This article details a similar situation: Dynamic file name and sheet name in output data - Alteryx Community
The key things here are 1) using the Formula to create the FilePath with the date (assuming DateTimeToday) and 2) selecting the "Take File/Table Name" at the bottom and configuring it properly.
I would like to save the frequency table report to a network drive and append the current date to the end of the report name dynamically.
The article above should provide enough guidance to complete this! Without sample data and the network drive location, it'll be hard to replicate on our end.