Unbiased Big Data: A new area of forecasting?
In short: Forecasting elections is a century-old endeavour. We study Wikipedia as a novel source for predicting election outcomes in the United States. Our findings show that politicians who receive more page views prior to the election are more likely to win the race, showcasing the relevance of unbiased big data for reliable forecasting.
The desire to know the future is as old as humankind. Often, people are particularly interested in forecasting political events. In the United States, for example, first attempts to forecast electoral outcomes can be dated back as far as to the 1880s . Today, the rise of advanced statistics and large online data sources, has sparked new research endeavours in election forecasting. Computational and political scientists started to explore social media outlets, like Twitter or Facebook , to determine the outcomes of elections in advance. However, the use of “digital breadcrumbs” of social media data does come with limitations, too. As politicians actively promote their profiles on social media, this biased data do not necessarily reflect user interest and, ultimately, voting behaviour. Unbiased data is needed to predict election outcomes.
Wikipedia data improve conventional forecasting models
To detect the genuine interest of voters, we study pageview statistics from the online encyclopedia Wikipedia as an alternative data source for election predictions. In our recently published study, Wikipedia: A Challenger’s Best Friend? Utilising Information-seeking Behaviour Patterns to Predict US Congressional Elections , we showcase the relevance of so-called active information-seeking behaviour: Users who actively click on a politician’s Wikipedia page are likely to be interested in the candidate or her political agenda.
More Wikipedia clicks = More votes
Indeed, with the example of the US Senate and House elections from 2016 to 2018, our study reveals that politicians who receive more pageviews prior to the election are more likely to win the race. Our predictions work best for new candidates with little prior visibility in the media. In numbers, for the case of challengers in open seat elections, Wikipedia pageview statistics improve conventional forecasting models by up to 21 percent points. Our best model has a prediction of accuracy of 85% vs. 64% for conventional forecasting models that do not consider Wikipedia data.
Unbiased data deliver reliable forecasts
The desire to foresee the future prevails. People will always want to know what comes next. Big data allows us to observe human behaviour and make informed assumptions of future actions. But biases of gender, race, or geography often skew our view of the world , just like social media clicks might not reflect the true interest of voters. The less biased big data is, the more reliable are the forecasts we can derive from it – an important lesson when preventing the biases of today from shaping our image of tomorrow.
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