Update: New Rasmussen and Zogby (live interview, not Internet) polls added, and slight earlier mistakes corrected. Corzine's chance of victory drops to 54%.
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The New Jersey Governor's race is not quite a coin flip, but it is pretty close. As of Friday afternoon, I give incumbent Democratic Governor Jon Corzine a 60% 54% to win.
First, here is the complete list of polls that will be included in the final polling average:
The methodology used to produce this table can be found here. Because the election is so close, I have only included polls that will appear in the final polling average, even if the majority of their interviews were conducted within the last 15 days.
Second, of the 87 statewide campaigns I have looked at from 2005-2008, there were 35 40 cases where the Republican gained more than 0.55% 0.31% from the final polling margin to the final vote margin. So, right now, rounding to the nearest percentage point, I project that Jon Corzine has a 60% 54% chance to retain the Governorship in New Jersey.
Also, there is a 5% chance that the campaign will be decided by less than one-tenth of one-percent, which would result in a long recount.
Given the fairly widespread perception that New Jersey Democrats perform better from the final polls to the final vote, in the extended entry, I consider the possibility that there is a hidden Democrat vote.
Hidden Democratic Vote? There is a fairly widespread perception that Democrats in New Jersey do much better from the final polls to the final result. While I have only looked at five cases so far, my research does not strongly suggest this to be the case:
New Jersey--Comparing Final Polls To Final Margin
Campaign
Final Predicted Margin
Final Result
Shift
2004-President
Dem +6.67
Dem +6.68
Dem +0.01
2005-Governor
Dem +7.07
Dem +10.43
Dem +3.36
2006-Senate
Dem +6.00
Dem +9.03
Dem +3.03
2008-President
Dem +16.00
Dem +15.53
Rep +0.47
2008-Senate
Dem +15.00
Dem +14.08
Rep +0.92
Two of the five New Jersey campaigns shifted significantly toward Democrats (2005 Governor and 2006 Senate), two campaigns shifted slightly toward Republicans (2008 President and 2008 Senate), while one campaign was right on the money (2004 President). If I was a New Jersey Democrat (and I am only 4 miles from being one), I would not draw any comfort from this. There is just not a solid reason to believe that Corzine will definitely improve from the final polling margin to the final result.
It's a tight one in New Jersey--Corzine at a 60% 54% chance to win.
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