Question: Question 1. CoastCo Insurance is interested in developing a forecast of larceny thefts in the Uni...

Question 1. CoastCo Insurance is interested in developing a forecast of larceny thefts in the United States. Download the spreadsheet for the available data. Plot this series in a time series plot and make a naive forecast for years 2 through 19. Plot actual and forecast values of the series for the years 1 through 19. (You will not have an actual value for year 19 or a forecast value for year 1.) Calculate the RMSE and MAD 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.