Data Analysis and Forecasting

DATA ANALYSIS AND
FORECASTING

Table of Contents
INTRODUCTION......................................................................................................................3
MAIN BODY.............................................................................................................................3
1. Representing the data set in form of table..........................................................................3
2. Plotting the data on graph..................................................................................................3
3. Presenting descriptive statistics table.................................................................................4
4. Estimating the amount for 14thand 16thmonth by making use of linear forecasting model
................................................................................................................................................8
CONCLUSION..........................................................................................................................9
REFERENCES.........................................................................................................................10

INTRODUCTION
Data analysis is a process or a practice involves analyzing and interpreting the data
and the information. This practice involves collecting the information and based on the
aspects and facts interpret the information to generate the most positive results or outcome as
a part of the process. This study reflects the information about the spending of 10 different
month’s business entity could engage. Data representation has been done over the figure
collected to project the information in the best way possible. Projection of the respective with
support of two different graphs is also done under this project. Furthermore, this report will
discuss the mean, mode, median, standard deviation like values of the respective spending of
different amounts.
MAIN BODY
1. Representing the data set in form of table
Serial.
No. Date Amount of money spend on transport
(in pounds £)
1 Feb-20 20
2 Mar-20 15
3 Apr-20 35
4 May-20 55
5 Jun-20 61
6 Jul-20 34
7 Aug-20 24
8 Sep-20 24
9 Oct-20 24
10 Nov-20 35