*Access the “Entrepreneurship and the U.S. Economy” page of the Bureau of Labor Statistics website (https://www.bls.gov/bdm/entrepreneurship/entrepreneurship.htm) and complete this forecasting assignment according to the directions provided in the “Forecasting Case Study: New Business Planning” resource.
Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (if a formula was used to calculate the entry in that cell). Students are highly encouraged to use the Excel resource, “Forecasting Template,” to complete this assignment.
Provide a Summary Page in Excel with a 500-750 word report on the analysis completed by the forecasting models. Include review of error, recommendations on the best forecasting model to use, and analysis of the business trend data for new business startup in the United States.
**You are required to use at least two academic references to support your report.
***Prepare this assignment according to the guidelines found in the APA Style Guide.
****You will be graded on (Rubrics):
1. Two-Period Moving Average: Two-period moving average is comprehensive and thoroughly developed with details.
2. Three-Period Moving Average: Three-period moving average is comprehensive and thoroughly developed with details.
3. Exponential Smoothing: Exponential smoothing is comprehensive and thoroughly developed with details.
4. Trend-Adjusted Exponential Smoothing: Trend-adjusted exponential smoothing is comprehensive and thoroughly developed with details.
5. Summary Page, Including Review of Error, Recommendations on the Best Forecasting Model to Use, and Analysis of the Business Trend Data for New Business Startup in the United States: Summary page, including review of error, recommendations on the best forecasting model to use, and analysis of the business trend data for new business startup in the United States is comprehensive and thoroughly developed with details.
6. Documentation of Sources (citations, footnotes, references, bibliography, etc., as appropriate to assignment and style): Sources are completely and correctly documented, as appropriate to assignment and style, and format is free of error.
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