Maximum likelihood and Bayesian approaches to stock assessment when data are questionable

Booth, A.J. and Quinn II, T.J. (2006) Maximum likelihood and Bayesian approaches to stock assessment when data are questionable. Fisheries Research, 80 (2-3). pp. 169-181. ISSN 0165-7836

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Official URL: http://dx.doi.org/10.1016/j.fishres.2006.05.003

Abstract

This study examines the use of age-structured maximum likelihood and Bayesian approaches for stock assessment of the Namibian monkfish, Lophius vomerinus, resource with questionable data, in which time series are short, abundance indices are variable, and research data conflict with commercial data. Bayesian approaches with both noninformative and informative priors are investigated to determine if they enhance estimation stability. Three data scenarios are assessed: commercial and research survey data, research survey data only, and commercial data only. Both statistical approaches show that resource abundance has decreased with exploitable biomass estimated at approximately 44% of pristine levels. The maximum likelihood and the Bayesian approach with noninformative priors result in similar estimates. As the abundance data contained little information pertaining to possible density dependence within the stock–recruit relationship, only a Bayesian approach with informative priors reduces uncertainty in the steepness parameter h. Estimated management quantities are sensitive both to the set of data sources and whether prior information was informative or not. The strengths of the Bayesian approach include the integration of prior information with uncertain data, the exploration of data conflicts, and the ability to show the uncertainty in estimates of management parameters. Its weakness is that estimation stability is dependent on the choice of priors, which alters some posterior distributions of management quantities.

Item Type:Article
Uncontrolled Keywords:Monkfish; Lophius vomerinus; Age-structured production model; Markov Chain Monte-Carlo; Maximum likelihood estimation; Bayesian statistics
Subjects:Y Unknown > Subjects to be assigned
Divisions:Faculty > Faculty of Science > Ichthyology & Fisheries Science
ID Code:413
Deposited By:INVALID USER
Deposited On:23 Oct 2006
Last Modified:01 Aug 2012 07:32
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