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this post was submitted on 17 Jul 2024
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I'm not sure that's correct. 538 was always a polling aggregator, but people treated it like 60% chance means "for sure." I think what we're now seeing is we don't actually have much good polling data due to extremism, and therefore sites like 538 aren't as valuable.
I distinctly remember Silver refused to make a prediction on who would win in 2016 because he insisted that Trump's 33% odds according to 538 meant there was a very real chance of a Trump victory. But everyone came out an blamed Silver for calling it wrong.
I don't actually like the guy, I think his analysis and political savvy is pretty weak and he comes off as incredibly arrogant. But he literally just runs a weighted data aggregator. So if the data is bad, his results will be bad too.
His models use aggregated data to create what he has shifted from calling "predictions", to now being called "data" (as in, "the data says..."), or more recently just flat out calling them "odds". Keep in mind he does not open source his analytics at all.
So taking that into mind, he's just rebranding subtly, sure. His company got bought by Disney, and I'm sure they put the hammer down on the language because they are now an easy target to get sued. Fair enough. My issue is that prior to all of this, he was plainly making predictions, and used those words to say as much. He even talked at length about it, and why he started changing his own words to describe his work.
So he called them predictions the few times his data aligned with real-world outcomes, but on the downslope of his popularity in doing so, is backing away from that attitude.
Lay people will still read exactly what he's doing as making predictions.