Long range dependence and the dynamics of exploited fish populations

Abstract: Long range dependence or long memory is a feature of many processes in the natural world, which provides important insights on the underlying mechanisms that generate the observed data. The usual tools available to characterize the phenomenon are mostly based on second order correlations. However, the long memory effects may not be evident at the level of second order correlations and may require a deeper analysis of the nature of the stochastic processes. After a short review of the notions and tools used to characterize long range dependence, we analyse data related to the abundance of exploited fish populations which provides an example of higher order long range dependence.