Delta method

Delta method

Also known as the Taylor Series method, the Delta method is a statistical procedure used to quantify the uncertainty associated with estimates obtained from a model. More specifically, the Delta method quantifies how the variance propagates from the parameters that are estimated directly by the statistical model (e.g. current spawning stock biomass, SSB), and those parameters that are derived from the application of mathematical formulations (e.g. future SSB based on model projections).

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Industry/Domain: Fishing
Category: Marine fishery
Organization: NOAA
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