Question: Here are the steps you should take to complete this Assignment: 1 ) Think of a first - order feedback system. Make sure you determine

Here are the steps you should take to complete this Assignment:
1) Think of a first-order feedback system. Make sure you determine the causal variables and which are stocks, flows, and just variables. Do not get too fancy here - just a first-order feedback system, which is similar in scope to the Savings Account Exercise.
2) Using Vensim, build the model. This means the model sketch, the variables, all of the parameters needed for it to run correctly. Dont forget to set the time frame, units, and initial value
of the stock. Refer back to the savings account exercise if you need to remember how to do this.
3) Your model must run correctly for full credit.
4) Submit your Model File (.mdl or .mdlx file), not a picture, prior to the due date in Canvas.

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