Please help answer these Business Forecasting questions using answers that are in text format.

9. Suppose that you work for a major U.S. retail department store that has outlets nationwide. The store offers credit to customers in various forms, including store credit cards, and over the years has seen a substantial increase in credit purchases. The manager of credit sales is concerned about the degree to which consumers are using credit and has started to track the ratio of consumer installment credit to personal income. She calls this ratio the credit percent, or CP, and has asked that you forecast that series for year 8 . The available data are: (clp9[) a. Use the first naive model presented in this chapter to prepare forecasts of CP for years 2 through 8. b. Plot the actual and forecast values of the series for the years 1 through 8 . (You will not have an actual value for year 8 or a forecast value for year 1.) c. Calculate the MAPE for your forecasts for years 2 through 7 . 1. CoastCo Insurance, Inc., is interested in developing a forecast of larceny thefts in the United States. It has found the following data: (clp11[) Plot this series in a time-series plot and make a naive forecast for years 2 through 19. Calculate the MAPE for years 2 through 18. On the basis of these measures and what you see in the plot, what do you think of your forecast? Explain