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   
BING NEWS:
  • This is how to spot AI-generated 3D models
    Another clue to identifying AI 3D are that their meshes often aren't symmetrical, instead melding together into blobs. If you're on Bluesky, you can see the examples in Liz's thread. Meanwhile, check ...
    11/9/2024 - 8:13 am | View Link
  • Hurricane Rafael makes 'resurgence' in Gulf of Mexico, expected to weaken in coming days
    Some hurricane models show Rafael turning southwest in response to a ridge ... Either way, local forecasters aren't expecting major impacts in Louisiana, though swells generated by Rafael are likely ...
    11/7/2024 - 7:37 am | View Link
  • Fed Cuts Rates Again
    The Federal Reserve cut interest rates by a quarter point, the second reduction this year. A combination of strong data and Donald Trump’s return to the White House muddles the outlook on what comes ...
    11/7/2024 - 4:02 am | View Link
  • Prediction: This Relentless Vanguard ETF Will Beat the S&P 500 Again in 2025
    This exchange-traded fund only holds the top-performing growth stocks from the S&P 500 index, and ignores the rest.
    11/6/2024 - 9:32 pm | View Link
  • As Generative AI Models Get Bigger And Better The Reliability Veers Straight Off A Cliff — Or Maybe That’s A Mirage
    Headlines say that as generative AI and LLMs get bigger and better, their reliability is falling. But there is more to the story. It could be a mirage. Here's the scoop.
    11/6/2024 - 12:40 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News