Stephen Fisher and Alan Renwick have developed a method for forecasting the outcome of the EU referendum based on current vote intention polling and analysis of opinion polling from previous referendums in the UK and across Europe. Their final forecast, taking account of polls published up to yesterday evening, suggests that Remain will win 52-48. However, there is a lot of uncertainty and a Leave victory can certainly not be ruled out.
The polls this week have been better for Remain than they were last week. Since this is our final forecast it makes sense for us to restrict our sample of polls to include in our polling average just the most recent poll from each company (or company-mode combination) over the last week. If we do this then our polling average finds Remain at 51 per cent after setting aside don’t knows. This is up two points from our polling average on Sunday. The two-point difference is partly due to restricting the sample from two weeks to just one, partly rounding error and partly to the fact that more of the polls than previously include Northern Ireland. So it is not clear whether the apparent movement towards Remain is real or not.
Our forecast share of the vote is 52 per cent for Remain, 48 per cent for Leave. This reflects an expectation of a 1.5-point rise in support for the status quo, based on the change that is visible on average between the final polls and the actual result in previous referendums in Britain or on the EU elsewhere. While this reflects the average historical experience we have explained here and here why the average may not be a very reliable guide.
The unreliability means there is a lot of uncertainty in our forecast. The 95 per cent prediction interval is considerably narrower than it was at the beginning of the week. But at ±10 points it is still very wide. So wide that Remain could reasonably be expected to get anywhere between 42 per cent and 62 per cent of the vote. Neither a comfortable Remain victory nor a comfortable Leave victory can be ruled out.