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Hierarchical model for forecasting the outcomes of binary referenda

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Wiśniowski, Arkadiusz, Bijak, Jakub, Forster, Jonathan J. and Smith, Peter W. F. (2019) Hierarchical model for forecasting the outcomes of binary referenda. Computational Statistics & Data Analysis, 133 . pp. 90-103. doi:10.1016/j.csda.2018.09.007 ISSN 0167-9473.

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Official URL: http://dx.doi.org/10.1016/j.csda.2018.09.007

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Abstract

A Bayesian hierarchical model is proposed to forecast outcomes of binary referenda based on opinion poll data acquired over a period of time. It is demonstrated how the model provides a consistent probabilistic prediction of the final outcomes over the preceding months, effectively smoothing the volatility exhibited by individual polls. The method is illustrated using opinion poll data published before the Scottish independence referendum in 2014, in which Scotland voted to remain a part of the United Kingdom, and subsequently validate it on the data related to the 2016 referendum on the continuing membership of the United Kingdom in the European Union.

Item Type: Journal Article
Subjects: C Auxiliary Sciences of History > CB History of civilization
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HM Sociology
Q Science > QA Mathematics
Divisions: Faculty of Science, Engineering and Medicine > Science > Statistics
Library of Congress Subject Headings (LCSH): Public opinion polls, Forecasting, Bayesian statistical decision theory, European Union -- Great Britain, Mathematical statistics
Journal or Publication Title: Computational Statistics & Data Analysis
Publisher: Elsevier
ISSN: 0167-9473
Official Date: May 2019
Dates:
DateEvent
May 2019Published
27 September 2018Available
17 September 2018Accepted
Volume: 133
Page Range: pp. 90-103
DOI: 10.1016/j.csda.2018.09.007
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Open Access (Creative Commons)
Date of first compliant deposit: 28 January 2020
Date of first compliant Open Access: 28 January 2020
RIOXX Funder/Project Grant:
Project/Grant IDRIOXX Funder NameFunder ID
RES-625-28-0001Economic and Social Research Councilhttp://dx.doi.org/10.13039/501100000269
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