Are Elections Random?(justinmeiners.github.io) |
Are Elections Random?(justinmeiners.github.io) |
I've really appreciated the wording in fivethirtyeight's election forecasting, with an emphasis on the frequentist interpretation of "Biden has an x/100 shot of winning", since I think it's the easiest to formalize in a way that the average US citizen without a mathematical background would understand.
Dawid, A. Philip. "The well-calibrated Bayesian." Journal of the American Statistical Association 77.379 (1982): 605-610.
which explains how you should interpret randomness in forecasting non-repeatable events. I don't know if 538 uses Bayesian modeling though. I think Andrew Gelman had written about this once, and as I just checked he just wrote another post on election forecast [1].
[1]: https://statmodeling.stat.columbia.edu/2020/07/31/thinking-a...