BABS Foundation Numeracy and Data Analysis Report: Forecasting Methods

This report presents a comprehensive analysis of data, encompassing the organization of data in a table format, its visual representation through column and line charts, and the calculation of various statistical aspects. The report meticulously calculates the mean, mode, median, range, and standard deviation based on the provided data. Furthermore, it employs a linear forecasting model to predict future values, specifically forecasting the total expense for the 11th and 12th months. The analysis includes detailed calculations and explanations, demonstrating a clear understanding of data analysis principles and forecasting techniques. The conclusion emphasizes the significance of data analysis in business operations, highlighting the importance of the calculated metrics in understanding a company's financial positioning and making informed decisions. The report uses Harvard referencing to cite sources.