Bayesian modelling of catch in a Northwest Atlantic Fishery

• Main Authors: Carmen Fernandez, Eduardo Ley, Mark F J Steel
• Format: Report
• Language: unknown
• Subjects: Northwest Atlantic
• Online Access: http://www.econ.ed.ac.uk/papers/id67_esedps.pdf

We model daily catches of fishing boats in the Grand Bank fishing grounds. We use data on catches per species for a number of vessels collected by the European Union in the context of the Northwest 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. Our database leads to 28 possible regressors (arising from six continuous variables and four categorical variables, whose 22 levels are treated separately), resulting in a set of 177 million possible linear regression models for the log of catch. Zero observations are modelled separately through a probit model. Inference is based on Bayesian model averaging, using a Markov chain Monte Carlo approach. Particular attention is paid to prediction of catch for single and aggregated ships. Bayesian model averaging, categorical varaibles, Grand Bank fishery, predictive inference, Probit model