Technical Analysis predicts victory for Obama

J

jcl

From someone outside the US like me, it's sort of hard to imagine that Romney has some serious chance against Obama, but a Technical Analysis approach suggests that he has. The Abramowitz model applies a method similar to Technical Analysis to the US presidential elections, resulting in the following formula:

PV = 46.9 + (.105*NETAPP) + (.635*Q2GDP) + (5.22*TERM1INC) – (2.76*POLARIZATION)

while PV is the predicted share of the major party vote for the party of the incumbent president; NETAPP is for the incumbent president’s net approval rating (approval – disapproval) in the final Gallup Poll in June; Q2GDP is the annualized growth rate of real GDP in the second quarter of the election year; TERM1INC is for the presence or absence of a first-term incumbent in the race; and POLARIZATION is for favoring highly partisan, irrational election decisions as is the case in the US currently.

As the BEA came out last Friday with the Q2GDP (1.5%), we can now calculate the votes for Obama:

PV = 46.9 + (.105 * 2.0) + (.635 * 1.5) + 5.22 - 2.76 = 50.52

Thus, the Technical Analysis approach predicts a victory for Obama, but a surprisingly tight one due to the Polarization factor. From what we in Europe see and hear from the candidates, we would rather predict a far more clear Obama victory - but US elections are apparently a little different to elections in the rest of the world. Anyway, in all US presidential elections since WWII, the Abramowitz model correctly predicted the votes within a margin of error close to that of the final pre-election Gallup Poll.
 
Quote from wildchild:

Technical analysis is bad at predicting stock moves, it is even worst at predicting how voters vote.
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================
Exactly;
probabilities are not predictions, anyway.

Example of high probability is the King of Egypt gets thru the Red Sea, but the actual result is Israel gets thru, King of Egypt & his host gets drowned:cool:
 
http://www.usnews.com/news/blogs/wa...never-wrong-pundit-picks-obama-to-win-in-2012


Never-Wrong Pundit Picks Obama to Win in 2012



Allan Lichtman, the American University professor whose election formula has correctly called every president since Ronald Reagan’s 1984 re-election, has a belated birthday present for Barack Obama: Rest easy, your re-election is in the bag.

“Even if I am being conservative, I don’t see how Obama can lose,” says Lichtman, the brains behind The Keys to the White House.

Lichtman’s prediction helps to explain a quirk in some polling that finds that while Americans disapprove of the president, they still think he will win re-election. [Check out political cartoons about the 2012 GOP field.]

Working for the president are several of Lichtman’s keys, tops among them incumbency and the scandal-free nature of his administration.Undermining his re-election is a lack of charisma and leadership on key issues, says Lichtman, even including healthcare, Obama’s crowning achievement.

Lichtman developed his 13 Keys in 1981. They test the performance of the party that holds the presidency. If six or more of the 13 keys go against the party in power, then the opposing party wins.“The keys have figured into popular politics a bit,” Lichtman says. “They’ve never missed. They’ve been right seven elections in a row. A number that goes way beyond statistical significance in a record no other system even comes close to.”

Lichtman’s earned quite the reputation. In 1992, it seemed likely former President George H.W. Bush would be re-elected, having reached historic highs in popularity after he launched a war that pushed Iraqi troops out of Kuwait. But Lichtman thought otherwise and that factored into former Arkansas Gov. Bill Clinton’s decision to challenge Bush.“I got a call from this woman with a thick southern drawl. It was Clinton’s special assistant. She wanted to know if it was true that a Democrat could win. I assured her it was and I sent Clinton a copy of my book and a memo and the rest is history.” [See photos of the Obamas behind the scenes.]

In 2005, Lichtman also hit a home run when he said that the political stage was looking so bad for Republicans that Democrats could pick a name out of the phone book and win in 2008, the year a little known first-term senator became the first African-American to win the presidency.

Now Lichtman’s predicting a repeat performance by Obama.


Below are each of the keys and how it falls for Obama.

Party mandate: After the midterm elections, the incumbent party holds more seats in the U.S. House of Representatives than it did after the previous midterm elections. Says Lichtman, “Even back in January 2010 when I first released my predictions, I was already counting on a significant loss.” Obama loses this key.

Contest: There is no serious contest for the incumbent party nomination. Says Lichtman on Obama’s unchallenged status, “I never thought there would be any serious contest against Barack Obama in the Democratic primary.” Obama wins this key.

Incumbency: The incumbent party candidate is the sitting president. Easy win here for Obama.

Third Party: There is no significant third party challenge. Obama wins this point.

Short term economy: The economy is not in recession during the election campaign. Here Lichtman declares an “undecided.”

Long-term economy: Real per capita economic growth during the term equals or exceeds mean growth during the previous two terms. Says Lichtman, “I discounted long term economy against Obama. Clearly we are in a recession.” Obama loses this key.

Policy change: The incumbent administration effects major changes in national policy. “There have been major policy changes in this administration. We’ve seen the biggest stimulus in history and an complete overhaul of the healthcare system so I gave him policy change,” says the scholar. Another win for Obama.

Social unrest: There is no sustained social unrest during the term. Says Lichtman, “There wasn’t any social unrest when I made my predictions for 2012 and there still isn’t.” Obama wins a fifth key here.

Scandal: The incumbent administration is untainted by major scandal. “This administration has been squeaky clean. There’s nothing on scandal,” says Lichtman. Another Obama win.

Foreign/military failure: The incumbent administration suffers no major failure in foreign or military affairs. Says Lichtman, “We haven’t seen any major failure that resembles something like the Bay of Pigs and don’t foresee anything.” Obama wins again.

Foreign/military success: The incumbent administration achieves a major success in foreign or military affairs. “Since Osama bin Laden was found and killed, I think Obama has achieved military success.” Obama wins his eighth key.

Incumbent charisma: The incumbent party candidate is charismatic or a national hero. Explains Lichtman, “I did not give President Obama the incumbent charisma key. I counted it against him. He’s really led from behind. He didn’t really take the lead in the healthcare debate, he didn’t use his speaking ability to move the American people during the recession. He’s lost his ability to connect since the 2008 election.” Obama loses this key. [See political cartoons about President Obama.]

Challenger charisma: The challenging party candidate is not charismatic or a national hero. Says Lichtman, “We haven’t seen any candidate in the GOP who meets this criteria and probably won’t.” Obama wins, bringing his total to nine keys, three more than needed to win reelection.
 
Quote from AK Forty Seven:

http://www.usnews.com/news/blogs/wa...never-wrong-pundit-picks-obama-to-win-in-2012


Never-Wrong Pundit Picks Obama to Win in 2012



Allan Lichtman, the American University professor whose election formula has correctly called every president since Ronald Reagan’s 1984 re-election, has a belated birthday present for Barack Obama: Rest easy, your re-election is in the bag.

“Even if I am being conservative, I don’t see how Obama can lose,” says Lichtman, the brains behind The Keys to the White House.

Lichtman’s prediction helps to explain a quirk in some polling that finds that while Americans disapprove of the president, they still think he will win re-election. [Check out political cartoons about the 2012 GOP field.]

Working for the president are several of Lichtman’s keys, tops among them incumbency and the scandal-free nature of his administration.Undermining his re-election is a lack of charisma and leadership on key issues, says Lichtman, even including healthcare, Obama’s crowning achievement.

Lichtman developed his 13 Keys in 1981. They test the performance of the party that holds the presidency. If six or more of the 13 keys go against the party in power, then the opposing party wins.“The keys have figured into popular politics a bit,” Lichtman says. “They’ve never missed. They’ve been right seven elections in a row. A number that goes way beyond statistical significance in a record no other system even comes close to.”

Lichtman’s earned quite the reputation. In 1992, it seemed likely former President George H.W. Bush would be re-elected, having reached historic highs in popularity after he launched a war that pushed Iraqi troops out of Kuwait. But Lichtman thought otherwise and that factored into former Arkansas Gov. Bill Clinton’s decision to challenge Bush.“I got a call from this woman with a thick southern drawl. It was Clinton’s special assistant. She wanted to know if it was true that a Democrat could win. I assured her it was and I sent Clinton a copy of my book and a memo and the rest is history.” [See photos of the Obamas behind the scenes.]

In 2005, Lichtman also hit a home run when he said that the political stage was looking so bad for Republicans that Democrats could pick a name out of the phone book and win in 2008, the year a little known first-term senator became the first African-American to win the presidency.

Now Lichtman’s predicting a repeat performance by Obama.


Below are each of the keys and how it falls for Obama.

Party mandate: After the midterm elections, the incumbent party holds more seats in the U.S. House of Representatives than it did after the previous midterm elections. Says Lichtman, “Even back in January 2010 when I first released my predictions, I was already counting on a significant loss.” Obama loses this key.

Contest: There is no serious contest for the incumbent party nomination. Says Lichtman on Obama’s unchallenged status, “I never thought there would be any serious contest against Barack Obama in the Democratic primary.” Obama wins this key.

Incumbency: The incumbent party candidate is the sitting president. Easy win here for Obama.

Third Party: There is no significant third party challenge. Obama wins this point.

Short term economy: The economy is not in recession during the election campaign. Here Lichtman declares an “undecided.”

Long-term economy: Real per capita economic growth during the term equals or exceeds mean growth during the previous two terms. Says Lichtman, “I discounted long term economy against Obama. Clearly we are in a recession.” Obama loses this key.

Policy change: The incumbent administration effects major changes in national policy. “There have been major policy changes in this administration. We’ve seen the biggest stimulus in history and an complete overhaul of the healthcare system so I gave him policy change,” says the scholar. Another win for Obama.

Social unrest: There is no sustained social unrest during the term. Says Lichtman, “There wasn’t any social unrest when I made my predictions for 2012 and there still isn’t.” Obama wins a fifth key here.

Scandal: The incumbent administration is untainted by major scandal. “This administration has been squeaky clean. There’s nothing on scandal,” says Lichtman. Another Obama win.

Foreign/military failure: The incumbent administration suffers no major failure in foreign or military affairs. Says Lichtman, “We haven’t seen any major failure that resembles something like the Bay of Pigs and don’t foresee anything.” Obama wins again.

Foreign/military success: The incumbent administration achieves a major success in foreign or military affairs. “Since Osama bin Laden was found and killed, I think Obama has achieved military success.” Obama wins his eighth key.

Incumbent charisma: The incumbent party candidate is charismatic or a national hero. Explains Lichtman, “I did not give President Obama the incumbent charisma key. I counted it against him. He’s really led from behind. He didn’t really take the lead in the healthcare debate, he didn’t use his speaking ability to move the American people during the recession. He’s lost his ability to connect since the 2008 election.” Obama loses this key. [See political cartoons about President Obama.]

Challenger charisma: The challenging party candidate is not charismatic or a national hero. Says Lichtman, “We haven’t seen any candidate in the GOP who meets this criteria and probably won’t.” Obama wins, bringing his total to nine keys, three more than needed to win reelection.
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Yeah, If I use his keys I see something different.

For the 3rd party it gives Obama a win and says there is no significant 3rd party. What about Ron Paul?

Social unrest - Really? There has been no social unrest? No tea party movements? No OWS? Nobody rioting in anahiem CA because a policeman shot a gangbanger?

Scandal - Says there has been no scandal, but what about the birth certificate issue? What about the claims bin laden was not really killed? Obama loses this one too.

(this would also make #11 about the military success invalid so Obama doesnt win that one either)

So according to these new calculations Obama actually loses using those keys because he only has 5 of the keys instead of 9 like the author said. The author is obviously letting his bias affect what he believes about who wins the keys.
 
Quote from peilthetraveler:


Scandal - Says there has been no scandal, but what about the birth certificate issue? What about the claims bin laden was not really killed? Obama loses this one too.
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Piel, if I could, I would get you on national television ASAP:D :D
 
Quote from peilthetraveler:

Scandal - Says there has been no scandal, but what about the birth certificate issue? What about the claims bin laden was not really killed?
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Just out of curiosity: Do you guys really believe that your president faked his birth certificate, that you all will get RFID devices forcibly implanted, or that Bin Laden is still alive? If you hear such theories, don't you ask yourself: how plausible is that?
 
Quote from RCG Trader:

Piel, if I could, I would get you on national television ASAP:D :D
More...

He thinks the BC and Bin Laden conspiracy theories are scandals and that Paul is running 3d party LOL !!!
 
Quote from RCG Trader:

Piel, if I could, I would get you on national television ASAP:D :D
More...
ROTFLMFAO. I'd chip in a coupla grand to help make that happen.
 
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