FISHERY BULLETIN; VOL. 73, NO. 1 



factors. Therefore, the proper perspective of pro- 

 duction model analysis is that it is little more than 

 a regression model, yet very useful for making 

 "first estimate" projections of the relationship be- 

 tween the level of exploitation and expected 

 equilibrium yield. 



ACKNOWLEDGMENTS 



Douglas G. Chapman and Gerald J. Paulik of 

 the University of Washington, Seattle, and Brian 

 J. Rothschild of the Southwest Fisheries Center, 

 National Marine Fisheries Service, NOAA, La 

 Jolla, Calif reviewed an early manuscript and 

 offered useful suggestions for improvement. 



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