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DLMtool (version 5.0)

IT5: Index Target 5

Description

An index target MP where the TAC is modified according to current index levels (mean index over last 5 years) relative to a target level. Maximum annual changes are 5 per cent.

Usage

IT5(x, Data, reps = 100,yrsmth=5,mc=0.05)

Arguments

x

A position in a data-limited methods data object

Data

A data-limited methods data object

reps

The number of stochastic samples of the quota recommendation

yrsmth

The number of historical years over which to average the index

mc

The maximum fractional change in the TAC among years.

Value

A numeric vector of TAC recommendations