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The Jobs Model of presidential election forecasting predicted well in 2004. The model, based on data available in August 2004, generated an error of only 1.3 percentage points when forecasting the incumbent share of the two-party popular vote (Lewis-Beck and Tien 2004). In contrast, the median...
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The statistical modelers are back. The presidential election forecasting errors of 2000 did not repeat themselves in 2004. On the contrary, the forecasts, from at least seven different teams, were generally quite accurate (Campbell 2004; Lewis-Beck 2005). Encouragingly, their prowess is receiving...
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Here, we address the issue of forecasting from statistical models, and how they might be improved. Our real-world example is the forecasting of US presidential elections. First, we ask whether a model should be changed. To illustrate problems and opportunities, we examine the forecasting history...
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