New Forecasting Model by RavenPack Analyzes News to Predict the Winner of the 2020 US Presidential Election
Summary
NEW YORK--(BUSINESS WIRE)--RavenPack, a leading big data analytics provider, has launched a free and publicly available website, offering projections and analysis on the upcoming U.S. presidential election. The latest election forecasts alongside news and media monitoring is freely available at https://election.ravenpack.com Research shows the forecasting model built by RavenPack’s Data Science team correctly predicted the winning candidate in 4 out of the 5 last U.S. presidential elections, with a confidence of greater than 75%, outperforming many traditional polling methods. “Our news-driven methodology offers an alternative angle to traditional forecasting approaches such as polls or surveys and summarizes the complexities of the current political and socio-economic environment in the United States,” says Armando Gonzalez, CEO of RavenPack. The company’s products allow clients to enhance returns, reduce risk, and increase efficiency by systematically incorporating the effects of public information in their models or workflows. RavenPack’s clients include the most successful hedge funds, banks, and asset managers in the world.
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