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Statistical Modelling of Fishing Activities in the North Atlantic

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  • Fernández, C.
  • Ley, E.
  • Steel, M.F.J.

    (Tilburg University, Center for Economic Research)

Abstract

This paper deals with the issue of modeling daily catches of fishing boats in the Grand Bank fishing grounds. We have data on catches per species for a number of vessels collected by the European Union in the context of the North Atlantic Fisheries Organization. Many variables can be thought to influence the amount caught: a number of ship characteristics (such as the size of the ship, the fishing technique used, the mesh size of the nets, etc.), are obvious candidates, but one can also consider the season or the actual location of the catch. In all, our database leads to 23 possible regressors, resulting in a set of 8:4£106 possible linear regression models. Prediction of future catches and posterior inference will be based on Bayesian model averaging, using a Markov Chain Monte Carlo Model Composition (MC3) approach. Particular attention is paid to the elicitation of the prior and the prediction of catch for single and aggregated observations.

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 1997-111.

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Date of creation: 1997
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Handle: RePEc:dgr:kubcen:1997111

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Web page: http://center.uvt.nl

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  1. Eva Ferreira & Fernando Tusell, 1996. "Un modelo aditivo semiparamétrico para estimación de capturas: el caso de las pesquerías de Terranova," Investigaciones Economicas, Fundación SEPI, vol. 20(1), pages 143-157, January.
  2. Min, Chung-ki & Zellner, Arnold, 1993. "Bayesian and non-Bayesian methods for combining models and forecasts with applications to forecasting international growth rates," Journal of Econometrics, Elsevier, vol. 56(1-2), pages 89-118, March.
  3. Chib, S. & Osiewalski, J. & Steel, M.F.J., 1990. "Regression models under competing covariance matrices: A Bayesian perspective," Discussion Paper 1990-63, Tilburg University, Center for Economic Research.
  4. Carmen Fernandez & Eduardo Ley & Mark F.J. Steel, 1998. "Benchmark Priors for Bayesian Model Averaging," Econometrics 9804001, EconWPA, revised 31 Jul 1999.
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