Index Target Effort-Based 5

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Description

An index target MP where the Effort 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

1
ITe5(x, DLM_data, reps = 100, yrsmth = 5, mc = 0.05)

Arguments

x

A position in a data-limited methods data object

DLM_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 effort among years.

Value

A numeric vector of input controls

Author(s)

T. Carruthers

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