Trump to win elections at 95% probability; ICONIC’s new Google Trends data model suggests
New York, October 13 / October, 2020 / PRNewswire / — issued ICONIC company, jewelry seller online retailer, amazing predictions for the remainder of the year 2020, using the model prediction used by the company to predict trends in jewelry.
The model, which was originally developed in mid-2018 and has been updated 17 times since then, uses Google search data as an indicator of interest in carefully chosen search terms and uses a comparison mechanism to create criteria and forecasts.https://www.youtube.com/watch?v=eZavDDXYnJQ&feature=youtu.be
Attracting customer interest through the model allowed ICONIC to gain insight into the jewelry designs that had become popular.https://www.youtube.com/watch?v=2Ft0KZ1nZfc
The model currently predicts that:
Donald J. Trump will win the 2020 presidential election.
- A wave of marriage offers will be celebrated in November and December after a historic crisis in March.https://www.youtube.com/watch?v=fzAo6_lWKCU
Online Christmas shopping will increase 61%.
The average purchase value of a Christmas gift in 2020 could decrease by up to 24%.
Money spent on food and Christmas decorations will be reduced by 11%.
As for election forecasts, ICONIC collected and analyzed electoral research data before and after Trump’s contract with Covid-19, and before and after the first presidential debate. Pre-selected search terms have been tested in the last three presidential elections as well as in eight different European and Australian elections.
ICONIC claims that using Google data allows the model to circumvent the flaws inherent in traditional polls and surveys. Typical flaws include unresponsiveness bias, voter shyness, and the difficulty in determining the correct proportions of voters, as small differences can lead to large differences in election expectations.
The breakdown of marriage offers has been relatively easier to understand and validated by a variety of related search terms. Christmas shopping is expected to be influenced by the growth in online sales, but with some interesting shifts.
“We believe that sharing forecasts using Google data can generate interest and help popularize the approach of using simple tools to forecast trends. Consumption is for the benefit of small businesses, as well as anyone preparing for the holiday season,” said Amy Mandel, founder of ICONIC.
About ICONIC
Founded for less than $ 2,000 at the end of 2017, ICONIC is a carbon-neutral online jewelry retailer dedicated to minimizing the environmental damage from jewelry production.