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Data Analysis and Forecasting

   

Added on  2022-12-01

10 Pages1411 Words59 Views
DATA ANALYSIS AND
FORECASTING

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................2
MAIN BODY..................................................................................................................................2
1. Arranging Data........................................................................................................................2
2. Two Types of Charts...............................................................................................................2
3. Calculations.............................................................................................................................3
4. Forecasting model....................................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
1

INTRODUCTION
Data analysis and forecasting refers to different tools and formulas that are often used in
the analysis and interpretation of a set of data that has been collected and extracting meaningful
conclusions out of it (Morley, 2017). In the current report, different tools will be implemented on
a given set of data in order to draw meaningful results regarding the cost of transportation
recorded for 10 consecutive months.
MAIN BODY
1. Arranging Data
Data recorded for the amount of can be arranged in following manner for the past 10
months:
Serial. No. Date
Amount of Transportation
cost/ Month
1 1st March, 2020 10
2 1st April, 2020 12
3 1st May, 2020 14
4 1st June, 2020 15
5 1st July, 2020 12
6 1st August, 2020 13
7 1st September, 2020 12
8 1st October, 2020 12
9 1st November, 2020 15
10 1st December, 2020 12
2. Two Types of Charts
The tabular data can be presented in the charts in following way:
Column Chart:
2

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