This forecast has been adjusted to account for the new MORI poll for the Evening Standard. It incorporates the headline figures from this poll and will be adjusted again once the data tables are published.
This is an Election Day prediction. This means it is a forecast on the day of the Election as to what the actual Yes vote will be.
The Election Day “centre point” of the prediction is 47.78%. This is the middle point of the distribution of likely outcomes based upon recent polling and other market data.
The Election Day “Probability of Yes being greater than 50%” prediction is 3.22%. This means that when we run 10,000 simulations of the referendum based on current polling trends and the variances within them, Yes would win only 322 times.
The table below shows the 50% and 95% confidence intervals for the Yes vote.
|Date||Yes%||50% Intervals||95% Intervals|
|11th September||48.18||47.14 – 49.23||45.15 – 51.21|
|12th September||47.82||46.76 – 48.88||44.74 – 50.91|
|13th September||47.40||46.16 – 48.64||43.80 – 51.00|
|14th September||48.95||47.60 – 50.31||45.02 – 52.89|
|15th September||48.36||47.26 – 49.46||45.15 – 51.57|
|16th September||48.50||47.08 – 49.93||44.36 – 52.65|
|17th September||47.60||46.96 – 48.14||45.84 – 49.26|
|18th September||47.78||47.28 – 48.28||46.32 – 49.24|
Is this your final prediction?
Potentially not. There may be another poll out today in the English press and if that is released we will update our forecast accordingly.
What is the main feature of the last few days of polling?
Undoubtedly the main observation has been the narrowing of the confidence intervals of our prediction. With so many polling firms delivering results in the same area, it is clear that the margin of error has contracted significantly and this has contributed to the reduction in the probability of a Yes victory. If you compare our prediction this morning to those on the 13th, today we have a higher centre point but much shorter confidence intervals.
What if your prediction is wrong?
If our prediction is wrong then all the polling firms are wrong. Given that there has never been a referendum in Scotland on this issue before, weightings and accounting for those who previously haven’t voted may be compromised. However, in the absence of any empirical evidence that the polls are biased, we must treat them as unbiased barometers of public opinion.