II. Year 2018 2019 Historical Inflation and Interest Data, the US and the UK Interest Rate Spot EXR US UK 5% 3% 1.0000 6% 4% 1.0500 5% 2% 1.1000 3% 4% 1.0500 Inflation Rate US UK 3% 5% 10% 5% 3% 2% 5% 2% 2020 2021 1 (10 points). Given the historical financial data in Table above, generate predicted spot exchange rates for Years 2019, 2020, and 2021 using the IRP and RPPP models. 2 (10 points). Using the values from Question compute the Mean Absolute Percentage Error (MAPE) of the IRP and the RPPP models. 3 (10 points). Identify the model that you choose to forecast an average annual spot exchange rate, S/E for the Year 2022 4 (10 points). Compute the spot exchange rate (S/E) of Year 2022 and justify your forecast for Year 2022 exchange rate