LUconn wrote:The beauty is, nobody will ever know if he's right or wrong. It's quite a racket. He leaves open the possibility of either candidate winning. No matter who wins, he was right.
He takes the available polling information and provides the the statistical likelihood of the overall result due to how the polls are moving. It's not a prediction, it's statistical analysis done right. It would be arrogant to claim that the polls "prove" one thing or another instead of showing them for what they are and analyzing where the trends are likely leading.
We need far more of that kind of approach and far less of people claiming to know for sure based on things that either aren't verifiable or haven't been verified yet.
Let's draw the comparison with weather forecasting. Most of the TV folks around DC aren't saying a word about potential snow tomorrow. Meanwhile, the Capital Weather Gang has put the following on their blog:
* 40 percent chance of no snow; just light rain showers, if anything
* 20 percent chance of snowflakes mixing in with rain, but no accumulation
* 20 percent chance of a slushy coating of snow, mainly on grassy areas
* 15 percent chance of a coating to 1” of wet snow, mainly on grassy areas
* 5 percent chance of 1-4” of wet snow
I'll take the second approach on something that we don't have systems in place to predict with surety. That's what Silver is doing. He's taking his background of statistical analysis in baseball and applying those principles to monitoring polls for elections. When combining the polling trends with margin of error, which reduces below the level of each individual poll with more polls being in play, it's statistically sound to provide the likelihood in a percentage format instead of pretending that one thing is sure and another isn't.