Replication Data for: The Challenge of Forecasting the 2024 Presidential and House Elections: Economic Pessimism and Election Outcomes

Utilizing a forecasting model based on economic pessimism and recognizing the difficulties of making such a forecast in such atypical times, the forecasting model predicts a narrow loss for the incumbent presidential party and a loss of 12 seats in the House of Representatives. Even with the unusual nature of politics in the United States over the past decade, this model does a good job of predicting election outcomes. The more pessimistic people are, the worse the incumbent party does in presidential and House elections. Moreover, the power of incumbency shows strongly.