Political forecasting

Predicting the outcomes of elections Political forecasting aims at forecasting the outcomes of political events. Political events can be a number of events such as diplomatic decisions, actions by political leaders and other areas relating to politicians and political institutions. The area of political forecasting concerning elections is highly popular, especially amongst mass market audiences. Political forecasting methodology makes frequent use of mathematics, statistics and data science. Political forecasting as it pertains to elections is related to psephology. History People have long been interested in predicting election outcomes. Mentions of betting odds on papal succession appear as early as 1503, with such wagering being already considered an "old practice." Political betting in secular elections also has a long history in Great Britain. As one prominent example, Charles James Fox, the late-eighteenth-century Whig statesman, was known as an inveterate gambler. His biographer, George Otto Trevelyan, noted that"[f]or ten years, from 1771 onwards, Charles Fox betted frequently, largely, and judiciously, on the social and political occurrences of the time." Before the existe