Using the following data on spot exchange rate of Poland against the U.S. dollar and the annual inflation rates of these two countries, forecast the outright values of 6 and 12 months ahead of the Polish currency. Draw on the forecasting theories or parities that are the subject of Chapter 6 of the book, and the other discussions we have had in this regard (e.g., lecture notes AMP06 and Amp07). Use the more accurate approach. Polish currency is called Zloty (PLN) Spot rate PLN 4.26/USD US inflation rate 2.2 percent Polish inflation rate 4.4 percent Review the following questions. When you are ready, enter your responses on Canvas (in the tab Quizzes, WA03). Thank you. 1. The outright forecast for 6 months is: 2. The outright forecast for 12 months is: 3. The theory that you are using is called: Purchasing power parity Interest rate parity Fisher effect International fisher effect