An different to polls, this new strategy makes use of sentiment evaluation and media consideration to forecast election outcomes.
NEW YORK–(BUSINESS WIRE)–July 14, 2020–
RavenPack, a number one massive knowledge analytics supplier, has launched a free and publicly accessible web site, providing projections and evaluation on the upcoming U.S. presidential election.
This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20200714005090/en/
The RavenPack Election Media Monitor analyzes sentiment, media consideration, and historic voting patterns to foretell the US presidential election in 2020. (Graphic: RavenPack)
RavenPack’s forecasting mannequin combines three key inputs:
- The degree of media consideration acquired by a presidential candidate, which has been discovered to be extremely correlated with election success
- The sentiment for every candidate, measured from hundreds of stories tales about their insurance policies and private life, throughout all 50 US states.
- Social and financial sentiment by state, which offers a proxy for the sitting president’s approval ranking and possibilities of reelection
The newest election forecasts alongside information and media monitoring is freely accessible at https://election.ravenpack.com
Research reveals the forecasting mannequin constructed by RavenPack’s Data Science workforce appropriately predicted the profitable candidate in four out of the 5 final U.S. presidential elections, with a confidence of higher than 75%, outperforming many conventional polling strategies.
“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. “We thought the U.S. presidential election was an ideal opportunity to showcase the power of alternative data on broader use cases than the financial applications for which most of our clients use our data and technology.”
Users can freely obtain RavenPack’s election knowledge, embed the complete dashboard or widgets on their web site, and subscribe to common insights on the U.S. election.
The new election monitor builds on the success of RavenPack’s publicly accessible Coronavirus monitor which offers up-to-the-minute info on the present Covid-19 pandemic.
RavenPack (www.ravenpack.com) is the main massive knowledge analytics supplier for monetary providers. The firm’s merchandise enable shoppers to boost returns, cut back threat, and improve effectivity by systematically incorporating the consequences of public info of their fashions or workflows. RavenPack’s shoppers embody essentially the most profitable hedge funds, banks, and asset managers on the earth.
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