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We used 59 biographical variables to create a “bio-index” for forecasting U.S. presidential elections. The bio-index method counts the number of variables for which a candidate rates favourably, and the forecast is that the candidate with the highest score would win the popular vote. The...
Persistent link: https://www.econbiz.de/10009438425
Traditional groups meetings are an inefficient and ineffective method for making forecasts and decisions. We compare two structured alternatives to traditional meetings: the Delphi technique and prediction markets. Delphi is relatively simple and cheap to implement and has been adopted for...
Persistent link: https://www.econbiz.de/10009438914
The authors explain how, for the third time since its appearance in 2004, the PollyVote (www.polyvote.com) has demonstrated the value of combining forecasts to predict the two-party popular vote in U.S. presidential elections. Copyright International Institute of Forecasters, 2013
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Using the index method, we developed the PollyBio model to predict election outcomes. The model, based on 49 cues about candidates’ biographies, was used to predict the outcome of the 28 U.S. presidential elections from 1900 to 2008. In using a simple heuristic, it correctly predicted the...
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At PoliticalForecasting.com, better known as the Pollyvote, the authors combine forecasts from four sources: election polls, a panel of American political experts, the Iowa Electronic Market, and quantitative models. The day before the election, Polly predicted that the Republican ticket's share...
Persistent link: https://www.econbiz.de/10005729478
Ideally, presidential elections should be decided based on how the candidates would handle issues facing the country. If so, knowledge about the voters’ perception of the candidates should help to forecast election outcomes. We make two forecasts of the winner of the popular vote in the U.S....
Persistent link: https://www.econbiz.de/10005836127
The Delphi technique is better than traditional group meetings for forecasting and has some advantages over another promising alternative to meetings, prediction markets. In this article, Kesten, Scott, and Andreas observe the increasing popularity of Delphi, describe the benefits of using this...
Persistent link: https://www.econbiz.de/10005526902