Numeracy and Data Analysis

Numeracy and
Data Analysis

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Arrange monthly data in tabular form.....................................................................................3
2. Monthly data in form of graphical presentation .....................................................................3
3. Calculations .............................................................................................................................4
4. Linear forecasting model ........................................................................................................7
CONCLUSION................................................................................................................................9
REFERENCES .............................................................................................................................10

INTRODUCTION
The term data analysis is a procedures for transforming and modelling their data to
discover their business decision making for making their useful information (Balt, Ehlert and
Fritz, 2019). It is a tool which is used for exact useful information should be provided for
business data. To understand this assessment firstly make a tabular presentation have been
drawn, column chart and bar chart have been prepared, using mean, median, mode, range and
standard deviation. For addition, it covers forecast their expenditure in month of 14th and 16th
using linear forecasting method.
MAIN BODY
1. Arrange monthly data in tabular form
Month Total expenses per month
January 65
February 10
March 80
April 80
May 10
June 80
July 75
August 12
September 90
October 70
2. Monthly data in form of graphical presentation
Bar chart: It should represent in data with rectangular bar which presents heights and
length in proportional values. It can be horizontally or vertically form and it is also famed as
column chart also.

Line chart: It represents graphical presentation of historical price of any value that
would be connects a series of data and points (Bennison, 2019).
3. Calculations
Mean: It is an average value in most common collection of many numbers and it is
central tendency for distribution of probability is always referred as expected value.