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Originally Posted by ChrisV
This is where context matters imo and you can't just look at raw numbers. 1992 and 1996 were big misses. But 1992 had Perot, which made polling more difficult. And probably more importantly, both elections were polling as enormous wins for Bill Clinton. It's quite possible that some voters didn't bother to show up on election day because victory was so inevitable. I'm not sure these blowout elections are good data points.
Further to this, let's look at 1980, another pretty big miss. The final debate, which Reagan won convincingly, was on October 28 and the election was November 4. There was a lot else going on that week as well:
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On Friday of that week the final economic indicator of the campaign showed inflation still seriously on the rise. And on Sunday morning, November 1, the Iranian parliament announced their conditions for freeing the American hostages. Jimmy Carter immediately abandoned campaigning and appeared on national television in the early evening to repeat much of what the public had been hearing all day. It was a week, in effect, with much that could affect the choices made by voters.
Carter’s pollster, Patrick Caddell, believed that Iran’s rebuff doomed Carter, saying “It was all related to the hostages and events overseas.”
So basically I don't think you can just toss poll misses in the averaging machine and extrapolate from there. When polls miss, they frequently miss for a reason. I think the chances of any huge anti-Clinton disturbances in the race over the next week are small. And absent that, I think the race is stable and the polls will be accurate.