Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Investing

Early election-year polls can be dead on. But you can’t tell which.

by
February 2, 2024
in Investing
0
Early election-year polls can be dead on. But you can’t tell which.
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

At the end of January 2020, The Washington Post and our partners at ABC News released one of the most accurate presidential election polls in recent history. In a head-to-head contest against Joe Biden, incumbent President Donald Trump trailed by four points, 50-46. When all of the voters were counted some 10 months later, this was almost exactly the result: Trump lost to Biden by four points, 51-47.

But, of course, we didn’t know that at the time. We didn’t know that Biden would be the nominee. We didn’t know how the debates would go or how each campaign would run. Oh, and we didn’t know that every American’s life would soon be turned upside down by a pandemic that would eventually leave more than 1 million people in the United States dead.

This is the trick about polling at nearly any point in a campaign cycle. It is a scientifically conducted test of public opinion that also necessitates estimates of who will vote. It produces precise numbers and also stipulates the margin of sampling error. And it is a measure of a particular moment that will almost immediately change.

On Wednesday, Quinnipiac University released the results of a new national poll that had unexpectedly good news in Biden’s all-but-certain rematch against Trump. In most recent polls the two have run even or Trump has been in the lead. In Quinnipiac’s, though, Biden had a six-point lead over the former president, a margin that triggered no small amount of media attention and Biden-supporter enthusiasm.

Perhaps this poll, like the Post-ABC poll in 2020, will end up being right on the mark! But probably not.

Using RealClearPolitics’ archive of poll results, I pulled polling conducted in January and February of each of the past five presidential election cycles. I was curious how predictive those polls were, and how often they hinted at the eventual outcome. I took each poll and plotted them, also showing the eventual result of the contest.

Here is the result.

You’ll notice, first of all, that it’s noisy — there are lots of little dashes scattered around each year’s chart. And that’s the point, in a sense. The polls end up in different places at different times thanks to different pollster methodologies and assumptions. There are some patterns, like that polling in January and February 2008 underestimated Barack Obama’s support, in part because he hadn’t yet secured the nomination.

Over those five cycles, the support measured for the Democrat or the Republican was anywhere from 0 to 12 points off. The median deviation from the final result was different in each year, but always at least two points away.

Year
Dem median error
Rep median error
2004
2 points
5.5
2008
6
3
2012
4
3
2016
4
4
2020
2
3

Those aren’t huge errors! But we’ll come back to that.

Since so many other factors change — like that many people make up their minds later in the cycle — we can also look at the margins between the two major-party candidates as measured in those January and February polls. Here’s what that looks like plotted.

In 2004, the margin showed more support for Democrat John F. Kerry than would end up being the case in November. (More of the thin lines are below the thicker one.) In 2008, the opposite was the case.

The polls over the first two months of 2020, meanwhile, ranged from Trump up four points to Biden up by double-digits. They were loosely oriented around the final result (the thick gray line) but hardly in a predictive way. The median error of the polls from 2004 to 2020 was four points, though in 2020 it was only three points.

There’s another catch, of course. Your margin being off by two points is a pretty good poll. But if those two points reverse the results — Democrat up one point vs. Republican up one point — you’re not going to get a lot of credit for being accurate. People (in an unhelpful way) expect polls to predict results rather than present more likely outcomes. So in 2016, for example, polls that showed Trump winning were at times hailed as more accurate, even though he got fewer votes.

That’s an important consideration, too. The president isn’t selected by voters, at least not directly. Winning that seat comes down to the electoral college, something that is far harder to pick out of national polling.

So what should we make of polls like Quinnipiac’s? That Biden’s position has likely improved in recent weeks but the contest is still close. This is the advantage of a polling average; it aggregates many polls (reducing the effect of individual differences in how polls are run) and shows trends over time (like making a flipbook from photos).

Even if the Quinnipiac poll does end up matching the final results exactly, it’s more of a broken-clock scenario than anything. The idea that nothing will change in the race between now and November — making Quinnipiac’s current measure an actual measure of the electorate — is simply not credible.

But they would still certainly be justified in touting how well their late-January poll turned out, should they be so immodest as to want to do so.

This post appeared first on The Washington Post
Previous Post

The impossibility of beating Trump in the GOP — in one Nikki Haley poll

Next Post

Disney appeals federal judge’s dismissal of its lawsuit against DeSantis

Next Post
Disney appeals federal judge’s dismissal of its lawsuit against DeSantis

Disney appeals federal judge’s dismissal of its lawsuit against DeSantis

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

August 24, 2025
Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

August 24, 2025
OPINION — Goldenomics 104: Trump’s Tariffs and Gold

OPINION — Goldenomics 104: Trump’s Tariffs and Gold

August 23, 2025
Gold Price Rises as Powell Boosts Rate Cut Expectations in Jackson Hole Speech

Gold Price Rises as Powell Boosts Rate Cut Expectations in Jackson Hole Speech

August 23, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

August 24, 2025
Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

Tech 5: Softbank to Invest US$2 Billion in Intel, Figure Seeks Nasdaq IPO

August 24, 2025
OPINION — Goldenomics 104: Trump’s Tariffs and Gold

OPINION — Goldenomics 104: Trump’s Tariffs and Gold

August 23, 2025
Gold Price Rises as Powell Boosts Rate Cut Expectations in Jackson Hole Speech

Gold Price Rises as Powell Boosts Rate Cut Expectations in Jackson Hole Speech

August 23, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved