Thank you to Stephen Fisher for letting us share his forecasts
This page gives details of the current forecast from a new polls-based method for forecasting a general election on 7th May 2015. The method was revised in February 2014 and is described in a working paper. The original October 2013 working paper is here. There is also occasional commentary at my Elections etc. blog. To receive Tweets with updates of both the forecast and commentary, follow me @StephenDFisher.
The approach is broadly to predict the next election based on current opinion polls and the track record of polls in previous electoral cycles, allowing for change in opinion in the run up to the election. The method allows for three main historical tendencies: governments being more likely to recover and oppositions fall back; parties moving back towards their long-run average level of support and/or the level of support at the previous election; and lastly and by far the least important tendency is for the Conservatives to over perform and Labour to under perform their vote intention figures in the polls when it comes to election day. All three suggest a Conservative recovery and a Labour set back from autumn 2013. The statistical regression methodology generates estimates of uncertainty and so prediction intervals (range of likely outcomes) and probabilities for key events are also provided below. The forecast represents a way to think about the implications of current opinion polls for the outcome of the next general election in light of the historical relationship between polls and election results. It is the product of a statistical analysis of the data and not my personal opinion about what will happen.
Date of forecast: 30.05.2014
Days till the election: 342
Inputted current average poll shares
Con : 32
Lab : 35
LD : 9
Oth : 24
UKIP: 14 so UKIP share of combined Others vote is 58%
Forecast Election Day Shares with 95% Prediction Intervals
Con : 35.9 plus or minus 8 i.e. between 28 and 44
Lab : 31 plus or minus 6 i.e. between 25 and 37
LD : 13.2 plus or minus 9.2 i.e. between 4 and 22
Implied point estimate shares for:
Others combined: 19.9
UKIP : 11.6 (based on share of combined Others vote.)
Forecast Election Day Seats
Con : 307
Lab : 285
LD : 30
Con largest party, but short of a majority by 19
Forecast Election Day Seats with approximate 95% Prediction Intervals
Assuming LD share at 13.2 and Other share at 19.9 and allowing Con and Lab to vary as per intervals above.
Con between 220 and 406
Lab between 191 and 366
LD between 24 and 38
Approximate probabilities of key outcomes
Pr(Con largest party) = 60%
Pr(Lab largest party) = 40%
Pr(Con majority) = 34%
Pr(Lab majority) = 18%
Pr(Hung parliament) = 48%
Pr(Hung parliament with Con largest party) = 26%
Pr(Hung parliament with Lab largest party) = 22%
The inputted current polling average is that from UK Polling Report, chosen because it is sensible, convenient and frequently updated. But this is not a claim that this is necessarily the best estimate of current opinion and it would be reasonable to use other methods of averaging recent polls.
I try to update the forecast every week, and mostly on Fridays.
Department of Sociology
University of Oxford
Oxford OX1 3UQ