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TIA Forecast Simulation: Kerry 52.83%, 324 EV, 95.7% Win Probability

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TruthIsAll Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-20-04 01:11 PM
Original message
TIA Forecast Simulation: Kerry 52.83%, 324 EV, 95.7% Win Probability
Edited on Tue Jul-20-04 01:53 PM by TruthIsAll
TIA Electoral Vote Simulation: Kerry 52.83%, 324 EV, 95.7% Win
Probability 									

TruthIsAll									
NATIONAL AND STATE ELECTION PROJECTION MODELS									
									
COMBINED NATIONAL AND STATE PROJECTION									
Kerry:	53.21%	of two-party vote							
Bush:	46.79%								
Spread	6.41%								

NATIONAL PROJECTION MODEL									
National polling data from pollingreport.com
includes:									
IBD, ABC, NWK, ARG, NBC, CBS, PEW, LAT, ZOGBY, TIME									
									
Kerry	53.59%	of two-party vote							
Bush	46.41%								
Spread	7.18%					

STATE ELECTORAL VOTE SIMULATION MODEL						
State polling data from Electoral-Vote.com 						
Most Likely State-weighted vote % ;  Electoral votes						
Kerry 	52.83%	324				
Bush	      47.17%	214				
Spread	 5.65%	109				
						
Kerry 	957	of 1000 simulation trial runs.				
for a 	95.7%	probability of winning the election.				
						
						
ELECTORAL VOTE SENSITIVITY ANALYSIS						
						
Data is downloaded to Excel for the forecasting model.						
One thousand  trials are run in each simulation.			
			
Simulation I: Conservative Case 			
Kerry:
Allocated	60%	of undecided/other votes.	
Kerry 	51.83%	of the vote.	
Kerry won 	88.5%	of the 1000 trials 	
Average     303	electoral votes.	
Maximum     403	electoral votes.	
			
			
Simulation II: Most Likely Case 			
Kerry:
Allocated	70%	of undecided/other votes.	
Kerry 	52.83%	of the vote.	
Kerry won 	95.7%	of the 1000 trials 	
Average     324	electoral votes.	
Maximum     404	electoral votes.	
		
		
Simulation III: Optimistic Case 		
Kerry:		
Allocated	80%	of undecided/other votes.
Received	53.82%	of the vote.
Kerry won 	99.7%	of the 1000 trials 
Average      343 electoral votes.
Maximum 	432	electoral votes.
		
		


LAST THREE PRESIDENTIAL ELECTIONS		
(in millions of votes)		
Dem	138.75	52.60%
Rep	125.03	47.40%										

												

BUSH JOB APPROVAL												
The data source is PollingReport.com    												
												
2004	Avg	Nwk	Fox	CNN	Pew	Harris	CBS	ABC	Time	NBC	AP	Zogby
Jan.	54.50	50	58	60	56	na	50	58	54	54	56	49
Feb.	49.67	48	48	51	48	51	50	50	54	na	47	na
Mar.	48.75	48	48	49	46	na	51	50	na	50	48	na
Apr.	48.80	49	50	52	48	48	46	51	49	na	48	47
May	45.20	42	48	47	44	na	41	47	46	47	48	42
June	47.00	na	48	49	48	50	42	47	na	45	48	46
July	47.43	48	na	47	na	na	45	na	48	45	50	49
												
						
						
						
						
TIA NATIONAL POLL PROJECTION METHODOLOGY						
						
The data source is PollingReport.com    						
Monthly polling data from: 						
IBD, ABC, NWK, ARG, NBC, CBS, PEW, LAT, ZOGBY, TIME						
						
The projection is based on the latest monthly average of the
ten polls,.						
adjusted by allocating  70% of undecided/other voters to
Kerry.						
						
						
						
		10 Poll Average		Projection		
	Kerry	Bush 	Diff	Kerry	Bush 	Diff		
Jan 	42.50	50.17	-11.50	46.48	53.52	-7.03		
Feb	48.00	45.43	2.57	52.60	47.40	5.20		
Mar	48.13	44.38	3.75	53.38	46.63	6.75		
Apr	47.38	44.88	2.50	52.80	47.20	5.60		
May	47.11	44.22	2.89	53.18	46.82	6.36		
June	47.13	45.00	2.13	52.64	47.36	5.28		
July	49.13	44.50	4.63	53.59	46.41	7.18		
								
								
Kerry National Poll Projection Formula:								
10-Poll Avg 	49.13							
+ allocation	4.46							
= Projection:	53.59	% of total vote.						
								
								
TIA ELECTORAL VOTE SIMULATION FORECAST METHODOLOGY					

Kerry's vote % is weighted by each state's percentage of the
total vote in the last 3 elections..					

Kerry's projected % for each state is based on the latest
state poll, adjusted					
by the allocation of undecided/other voters.					

The probability of Kerry winning a state is determined by the
current poll spread between Kerry and Bush, compared to the
MoE. 					
Obviously, the greater the spread, the greater the probability
Kerry will win the state.					

Mpst Likely Case					
Assume	70%	Undecided/other to Kerry			
Summary	Win Prob	Pct	AvgEV		
Kerry	95.7%	52.83%	324		
Bush	4.3%	47.17%	214		

State Electoral Vote Simulation: Historical Voting, Kerry
Projection and Win Probability 													
Note: Dem% is Democratic share of the total two-party vote in
last three elections													
													
Hist	Dem% of	Kerry	Kerry	EV Trial runs 1-10 of 1000									
Kerry	Vote	Proj.	Prob.	1	2	3	4	5	6	7	8	9	10
Proj.	52.60%	52.83%	Win	294	345	365	320	332	358	305	367	344	388
													
AL	44.8	45.0%	10.6%										9
AK	37.6	40.7%	1.0%										
AZ	48.8	47.2%	24.2%			10			10			10	
AR	55.2	50.6%	56.0%		6	6	6		6	6	6		
CA	57.4	57.2%	96.4%	55	55	55	55	55	55	55	55	55	55
													
CO	48.8	49.3%	43.1%										9
CT	57.7	62.6%	99.9%	7	7	7	7	7	7	7	7	7	7
DE	56.8	57.1%	96.2%	3	3	3	3	3	3	3	3	3	3
DC	90.3	90.4%	100.0%	3	3	3	3	3	3	3	3	3	3
FL	50.7	53.3%	79.5%		27	27	27	27	27	27	27	27	27
													
GA	47.6	45.9%	15.3%		15			15					15
HI	59.0	60.9%	99.7%	4	4	4	4	4	4	4	4	4	4
ID	35.7	39.0%	0.3%										
IL	57.9	60.0%	99.4%	21	21	21	21	21	21	21	21	21	21
IN	44.8	45.9%	15.3%						11	11			
													
IA	51.8	53.6%	81.6%	7	7	7	7	7			7	7	7
KS	42.4	41.6%	1.8%										
KY	46.7	45.3%	12.0%			8		8			8		
LA	49.2	49.0%	40.1%								9		
ME	57.1	52.3%	71.7%			4	4		4	4		4	
													
MD	57.8	58.6%	98.4%	10	10	10	10	10	10	10	10	10	10
MA	65.3	66.7%	100.0%	12	12	12	12	12	12	12	12	12	12
MI	54.7	53.0%	77.3%	17	17	17	17		17		17		17
MN	55.7	53.0%	77.3%	10	10		10	10	10	10	10	10	10
MS	44.3	36.3%	0.0%										
													
MO	52.5	52.1%	70.0%	11	11	11		11	11		11	11	11
MT	44.9	42.8%	3.6%							3			
NE	37.5	36.5%	0.0%										
NV	49.9	51.4%	63.7%	5	5	5	5	5	5	5	5		5
NH	51.7	56.7%	95.3%	4	4	4	4	4	4	4	4	4	4
													
NJ	56.5	56.6%	95.1%	15	15	15	15	15	15	15	15	15	15
NM	53.0	55.3%	90.7%	5	5	5	5	5	5	5	5	5	5
NY	62.6	65.0%	100.0%	31	31	31	31	31	31	31	31	31	31
NC	46.6	48.9%	39.2%	15		15		15					
ND	40.8	37.2%	0.1%										
													
OH	50.8	51.1%	60.8%		20			20	20	20	20	20	20
OK	42.8	39.2%	0.3%										
OR	53.6	56.2%	93.9%	7	7	7	7	7	7	7	7	7	7
PA	54.2	54.1%	84.7%	21	21	21	21		21		21	21	21
RI	65.6	64.2%	100.0%	4	4	4	4	4	4	4	4	4	4
													
SC	44.4	47.5%	26.6%					8			8		8
SD	44.5	44.8%	9.7%							3			
TN	50.5	50.8%	57.9%		11	11		11	11	11		11	11
TX	44.3	42.6%	3.2%										
UT	33.6	29.7%	0.0%										
													
VT	59.4	60.1%	99.4%	3	3	3	3	3	3	3	3	3	3
VA	47.3	48.5%	35.4%	13		13	13				13	13	13
WA	55.9	55.1%	89.9%	11	11	11	11	11	11	11	11	11	11
WV	54.0	47.2%	24.2%			5	5					5	
WI	52.7	55.0%	89.4%			10	10		10	10	10	10	10
WY	38.3	30.8%	0.0%										
													
Avg	52.60%	52.83%	-	294	345	365	320	332	358	305	367	344	388
													
													
													
													

ELECTORAL VOTE SIMULATION SUMMARY													
		Popular	Electoral Votes										
Sensitivity		Vote%	Mean	Max									
1000 Trial Runs													

Simulation I													
(Conservative)				
Kerry Allocation	60%			
Kerry wins	88.5%	51.83%	303	403
Bush wins	11.5%	48.17%	235	353
				
Simulation II				
(Most Likely)				
Kerry % Und/Oth	70%			
Kerry wins	95.7%	52.83%	324	404
Bush wins	4.3%	47.17%	214	313
				
Simulation III				
(Optimistic)				
Kerry % Und/Oth	80%			
Kerry wins	99.7%	53.82%	343	432
Bush wins	0.3%	46.18%	195	295




Polling Average Trend	Projection Poll
Kerry	Bush	Diff	Kerry	Bush	Diff

IBD						
Feb	44	41	3	54.50	45.50	9.00
Mar	45	43	2	53.40	46.60	6.80
Apr	40	44	-4	51.20	48.80	2.40
May	43	42	1	53.50	46.50	7.00
June	43	44	-1	52.10	47.90	4.20
July	49	44	5	53.90	46.10	7.80
						
						
ABC						
Feb	52	43	9	55.50	44.50	11.00
Mar	53	44	9	55.10	44.90	10.20
Apr	48	49	-1	50.10	49.90	0.20
May	49	47	2	51.80	48.20	3.60
June	53	45	8	54.40	45.60	8.80
						
						
						
AP						
Jan 	37	54	-17	43.30	56.70	-13.40
Mar	45	46	-1	51.30	48.70	2.60
Apr	44	45	-1	51.70	48.30	3.40
May	43	46	-3	50.70	49.30	1.40
July	45	49	-4	49.20	50.80	-1.60
						
						
NWK						
Jan 	41	52	-11	45.90	54.10	-8.20
Feb	50	45	5	53.50	46.50	7.00
Mar	48	45	3	52.90	47.10	5.80
Apr	50	43	7	54.90	45.10	9.80
May	46	45	1	52.30	47.70	4.60
July	51	45	6	53.80	46.20	7.60
						
						
ARG						
Jan 	47	46	1	51.90	48.10	3.80
Feb	48	46	2	52.20	47.80	4.40
Mar	50	43	7	54.90	45.10	9.80
Apr	50	44	6	54.20	45.80	8.40
May	47	44	3	53.30	46.70	6.60
June	48	46	2	52.20	47.80	4.40
July	49	45	4	53.20	46.80	6.40
						
						
NBC						
Jan 	35	54	-19	42.70	57.30	-14.60
Mar	45	47	-2	50.60	49.40	1.20
May	42	46	-4	50.40	49.60	0.80
June	47	47	0	51.20	48.80	2.40
July	54	43	11	56.10	43.90	12.20
						
						
FOX						
Jan 	32	54	-22	41.80	58.20	-16.40
Feb	43	47	-4	50.00	50.00	0.00
Mar	44	44	0	52.40	47.60	4.80
Apr	42	43	-1	52.50	47.50	5.00
May	42	42	0	53.20	46.80	6.40
June	42	48	-6	49.00	51.00	-2.00
						
						
CBS						
Jan 	48	43	5	54.30	45.70	8.60
Feb	47	46	1	51.90	48.10	3.80
Mar	48	43	5	54.30	45.70	8.60
Apr	48	43	5	54.30	45.70	8.60
May	49	41	8	56.00	44.00	12.00
June	45	44	1	52.70	47.30	5.40
July	49	44	5	53.90	46.10	7.80
						
						
CNN/Gallup						
Jan 	43	55	-12	44.40	55.60	-11.20
Feb	48	49	-1	50.10	49.90	0.20
Mar	52	44	8	54.80	45.20	9.60
Apr	46	51	-5	48.10	51.90	-3.80
May	49	47	2	51.80	48.20	3.60
June	48	49	-1	50.10	49.90	0.20
July	50	46	4	52.80	47.20	5.60
						
						
PEW						
Jan 	41	52	-11	45.90	54.10	-8.20
Feb	47	47	0	51.20	48.80	2.40
Mar	48	44	4	53.60	46.40	7.20
Apr	47	46	1	51.90	48.10	3.80
May	50	45	5	53.50	46.50	7.00
June	46	48	-2	50.20	49.80	0.40
						
						
LA Times						
Apr	49	46	3	52.50	47.50	5.00
June	51	44	7	54.50	45.50	9.00
						
						
						
ZOGBY						
Mar	48	46	2	52.20	47.80	4.40
Apr	47	44	3	53.30	46.70	6.60
May	47	42	5	54.70	45.30	9.40
June	44	42	2	53.80	46.20	7.60
July	46	44	2	53.00	47.00	6.00
						
						
TIME									
Jan	43	54	-11	45.10	54.90	-9.80			
Feb	48	50	-2	49.40	50.60	-1.20			
May	51	46	5	53.10	46.90	6.20			
July	49	45	4	53.20	46.80	6.40			
…………………………………………………………………………………………………….									

Notes:
1) State and National polls are adjusted assuming that
70% of undecided/Nader/others will split for Kerry.           
                
2) State polls are weighted by its ratio of total votes cast
in the last 3 elections
3) Third party candidates not considered for this analysis.   
                           
4) The analysis is only as good as the quality of polling data
5) State polls are taken over weeks; National polls are taken
over days.


Simulation Methodology:
Monte Carlo simulation uses random numbers applied to
probability distributions of uncertain events in order to
generate a range of sampled outcome scenarios. For the
analysis, I used the
latest state polling numbers to simulate an election outcome.

                                
In this case, an "event" is defined as Kerry's
forecast share of a
state's popular vote. An "outcome" is the simulated
probability of Kerry winning the election, based on the total
electoral votes for the states he wins.                       
        
                                
For example, if we run 100 trials in the simulation and
Kerry's
electoral vote total exceeds 269 in 90 of the 100
trials, we can reasonably conclude that he has a 90%
probability of winning the election. Each state poll is
assumed to have a margin of error of +/-4% and a uniform
distribution
around the polling numbers.                                   
                       

I use the Cumulative Normal Distribution to calculate
the probability of Kerry winning each state.
The probability is determined by the latest polling spread
assuming a +/-4.0% margiin of error (MoE)


For example:				
The latest Kansas poll has Kerry with 41.60%
The probability that Kerry will win the state is 1.79%

The latest Maine poll has Kerry with 52.30%
The probability that Kerry will win the state is71.74%

                                				
Excel's random generator function returns a random  				
number X between 0 and 1. If X is less than				
the probability of Kerry winning the state, the state goes
to				
Kerry, otherwise it goes to Bush.                             
 				
                                				
For instance, if X = .72 for Florida, then Kerry wins the				
state, since X = .72 is LESS than the .81 probability				
that Kerry will win the state.

                                
The simulation performs 1000 trial runs for all states. The
electoral votes are summed for those states which fall in
Kerry's column.                           
                                
The model assumes that Kerry's polling  numbers in each state
will increase by 70% of the undecided/other vote. This
assumption is based on historical data which show that they
break for the challenger 80% of the time. .
                                                              
 
For example, assume Kerry is leading in a state by 46%-44%.
with 10% undecided. Allocating 70% to Kerry adds 7%
to his total. Kerry is thus projected to win by 53-47%.
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West Coast Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-20-04 01:14 PM
Response to Original message
1. Have you heard of this website?....
http://www.campaignline.com/oddsmaker/index.cfm?navid=12

I don't know how this guy comes up with his odds, but I do recall that he wasn't able to predict the presidential winner in 2000. He simply called it a toss-up.
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TruthIsAll Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-20-04 01:27 PM
Response to Reply #1
2. My odds are based on Monte Carlo simulation methodology
applied to the latest state-weighted polling numbers.

I adjust the latest state polls for a (best-guess) 70% allocation to Kerry of other, Nader and undecided voters.

I assume a 4% Margin of Error for each state poll.

The Cumulative Normal Distribution function is used to compute the probabilities of Kerry winning each state.

I don't publish my odds for betting purposes.
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