Here's the graph again, for reference.
Electoral-Vote.com (red line) is a good source for an electoral vote "snapshot" ... If the election were held today
and the undecideds were split evenly, their count would most likely be accurate. They use the latest state polls, and if there is more than one poll conducted during the same time period, they average the polls.
538.com (blue line) uses modeling and regression. Their count is a true
projection of what the likely outcome will be on November 4th. I like to show their count alongside others to give us an idea of the regression that is expected to take place between now and November 4th, based on historical data and based on current snapshots. Notice the blue line between June 16 and June 26 ... during this time period, 538.com was still working on regression models. Their count was a "snapshot" for those 10 days, like mine and like EV.com's. 538.com really has their act together, and I wouldn't be surprised if they are right on the nose.
My count (green line) is exactly like that of Electoral-Vote.com, except I don't assume that the undecideds will split evenly. I use the swing state statistics to determine how the undecideds nationwide will split, since I believe in "As the swing states go, so goes the election."
I also use a momentum multiplier (difference in potentials combined with the strength of projection). Most of the presidential elections in the past have either been very close or not close at all. This momentum multiplier takes that historical aspect into consideration and adjusts the electoral vote projection accordingly. The multiplier ranges between 1.0 and 1.5 for the low end of the scale, and it ranges from 1.5 to 2.69 for the high end of the scale. We're still on the low end of the scale, but not far from the high end.
If the election were held today
and the undecideds split according to the swing state percentages
and Obama's momentum is in the medium range, Obama should win roughly 365 electoral votes to McCain's 173, according to my "snapshot".
I'll be happy to clarify anything, Demeter. :hi: