Data Analysis and Forecasting: A Numeracy Assignment Example

This assignment focuses on numeracy and data analysis, utilizing expense data collected over ten months. The student begins by organizing the data in a table and then presents it visually using both line and column charts. The core of the assignment involves calculating and discussing various statistical measures, including the mean, median, mode, range, and standard deviation. Additionally, the student employs a linear forecasting model (y = mx + c) to predict future spending on transport, calculating the 'm' and 'c' values and forecasting expenses for months 14 and 16. The assignment demonstrates a practical application of data analysis techniques for informed decision-making and forecasting.