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Numeracy and Data Analysis- Doc

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Numeracy and Data Analysis
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................31. Data set...............................................................................................................................32. Graphical presentation........................................................................................................43. Steps and calculation..........................................................................................................54. Using linear forecasting model presents y = mx +c...........................................................91. Steps for calculating “m value”..........................................................................................92. Steps for calculating “c value”...........................................................................................93. Forecasting of weather.....................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONNumeracy and data analysis is considered as one of the most important statistical aspect forevery business organisation. Data gathered should be analyse in a proper and correct manner canprovide right interpretation to its end users. Every company should focus on making meaningfuland correct interpretation of its financial as well as statistical data and information in its financialstatements and books of accounts so that its end users viz. investors and other stakeholders canmake use of it. The present report is based on the arrangement and presentation of data set in abale form, line graph as well as column graph. The report is related to the weather conditions ofBristol city of UK of the last 10 days i.e. from 22 December 2018 to 31 December 2018. Also,the report will include the interpretation of weather condition of Bristol city ranging form highestto the lowest temperature in the city. Further, the report will contain steps and calculation ofMean, Mode, Median, Range and Standard Deviation. At last use of linear forecasting model willbe disclosed.MAIN BODY1. Data setData related to temperature (Bristol city of London) is as follows:DateTemperature22-Dec-18723-Dec-18624-Dec-18625-Dec-18926-Dec-18627-Dec-18728-Dec-18829-Dec-18930-Dec-18831-Dec-187The present data is related to the Bristol city of UK. On the basis of above table it can beinterpreted that the weather conditions in the city is keep on changing from the last 10 days.Movement of weather conditions in Bristol is having fluctuating trend from 22 December 2018
to 31 December 2018. Within a period of 10 days, the city has observed a mixed weathercondition with the highest temperature of 9 degree Celsius and lowest temperature of the citywas 6 degree Celsius. It can be assessed that change in environment and weather conditions ishaving a trend of both increase and decrease in the temperature.2. Graphical presentationLine graph– It is also known as the line chart which is defined as a type of chart basically usedfor visualizing and monitoring the value of a given data set over a period of time.Column graph –It is considered as one of the type of Bar graph which uses vertical bars fordisplaying the given data set values.
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