Friday 07:35 – I’ve just woken up to the result that we have a hung parliament which is miles away from my prediction. Clearly I need to conduct a post-mortem of my model but I did state in my first chart of this post (see bottom of post) that a hung parliament would occur if the CON-LAB lead was under 3%. Sure enough that is the outcome with the BBC currently saying the CON-LAB lead is 2.3%. What it also means that we have another epic polling error as the average of all polls in the week before the election showed a CON-LAB lead of 7.5%. Unlike 2015 when all pollsters got it, congratulations must go to Survation who called it spot on.
I am sure we will have a wave of people claiming to have predicted this error. As far as I am concerned a valid prediction is only one made in public in advance. Such a prediction would also need to explain why they expected a polling error on the scale shown in the chart.
The last time such an error occurred was 1983 and the error is on the scale of 1951! In fact the error is even more remarkable if you look at the 3 main parties.
Another polling post mortem beckons but this election will go down in history.
