In your BigQuery project, currently operating under the on-demand billing model, you are executing a Change Data Capture (CDC) process for data ingestion. This CDC process involves loading 1 GB of data every 10 minutes into a temporary table, followed by merging this data into a target table that is 10 TB in size. Given the scan-intensive nature of this process, you seek to establish a predictable cost model. To achieve this, you need to create a BigQuery reservation based on utilization metrics obtained from BigQuery Monitoring and subsequently apply the reservation to your CDC process. What actions should you take?