Back to the OP.
Nate and his crew joke about the Nowcast in this week’s politics chat. Recall that they present 3 forecast frameworks: they are polls-plus, polls-only, and the nowcast. The first one is their real forecast. The second tells you the effect of fundamentals on their forecast. The nowcast tells about the most recent polling.
Here’s what they say today: [INDENT][INDENT][INDENT]
clare.malone: I don’t think she got the bounces because of the Khans. OBAMA. Obama coming out there and basically taking shots at Trump I think added a lot.
harry: I think every little thing adds up. And we cannot disentangle what exactly is going on.
micah: Obama got a bounce too.
clare.malone: Right. So basically we should all check back in two weeks. And watch some OLYMPICS.
micah: Except, dear reader, make sure you check this site every day between now and then.
natesilver: Every HOUR.
clare.malone: NOW-CAST.
harry: DO IT!
clare.malone: But don’t tweet at me about it. That really stressed me out this weekend. I don’t know how the model is built, people. That’s all up in Nate’s mind-palace.
harry: Which looks like Trump’s apartment, fyi.
natesilver: The now-cast is a powerful drug. [/INDENT][/INDENT][/INDENT] The now-cast is basically a performance art joke about media representations of the horse-race. Ironically it’s better than most election reports, as at least it averages more than one poll. So the error bounds are smaller, though the underlying model, which presupposes that the election were held today, is somewhat silly. General elections in the US occur in November, at least for Presidents.
Polls-plus:
Note that polls plus is just a baseline, based on history. It doesn’t take into account qualitative information about the race. And boy does this cycle contain qualitative information.
How to think about 538’s 3-model frameworks: