Why Forecast Models Aren’t Any Better Than Polls

Natalie Jackson: “Forecasts based on polls and election ‘fundamentals,’ like what FiveThirtyEight, The Economist, and Nate Silver produce, are more intriguing from an empirical standpoint. The statistical machinations are genuinely challenging and interesting to work on: combining national and state-level polls, economic factors, incumbency factors, and vote history, and then spinning it all up into a state-by-state prediction that can be used to simulate presidential elections.

Topics:  jackson   fivethirtyeight   the economist   nate silver    sounds    we   forecast   models   polls   error   factors   big   data   economic   ton   decision   thousands   empirical   accuracy   
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