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By comparison, the Real Clear Politics forecasts — which use a perfectly sensible but simpler and more conservative approach — have missed by an average of 4.4 points.
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At a research laboratory in Yorktown Heights in Westchester County, a team of researchers led by Lloyd Treinish is fine-tuning a system called Deep Thunder predicated on the idea that all forecasts, like politics, are local.
The role of the new OBR, we were told, would be to take the politics out of economic forecasting.
The independent Office for Budget Responsibility, which was set up by the chancellor to take the politics out of economic forecasting, now expects growth of 1.4% in 2013 and 2.4% in 2014, after three quarters of solid expansion so far this year.
Even before Asia's present financial difficulties, car makers had to find their way through a maze of national politics, trading barriers and uncertain growth forecasts.
In 1864 he forecast new directions in politics when he stated that the burden of proof concerning the case for reform rested not with the reformers but with their opponents.
Mr. Silver illustrates his dos and don'ts through a series of interesting essays that examine how predictions are made in fields including chess, baseball, weather forecasting, earthquake analysis and politics.
And for those interested in politics, it is being used to forecast who will win in upcoming elections.
How can you talk about a countdown so far our from an election???" Derek Bird from Northants, said: "A day is a long time in politics and you are trying to forecast the outcome of the next 700?
Brad Johnson of Forecast Facts stated recently: "Politics may be the art of the possible, but climate change is an inflexible reality".
So should the campaigns simply give up on conducting their own polls – and instead base their decisions on the forecasts issued by Real Clear Politics or FiveThirtyEight?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com