Hillary Clinton is headed for a big win as the growing U.S. economy favors the Democratic candidate, Moody's Analytics model has forecasted according to CNN.
The model, which is based on economic and political factors, has accurately predicted the winner of every U.S. presidential race since Ronald Reagan in 1980, CNN reports.
While Clinton is expected to gather 332 electoral votes, GOP nominee Donald Trump is likely to get just 206.
Moody's also predicted that key swing states — Florida, Ohio, Colorado and Pennsylvania — were going blue this year.
What works in Clinton's favor, according to the analysis, is cheap gas and President Barack Obama's high approval rating.
"Even those who don't have a car typically pass a gas station and see prices dropping or falling of a daily basis," Dan White, a senior economist at Moody's, said, reports CNN.
The report pointed that the extension of President Obama's policies will work in Clinton's favor as people are hoping for a better standard of living with low gas prices and better incomes.
"Historically, no incumbent president since Ronald Reagan in 1988 has had a surge anywhere close to [Obama's] magnitude in their eighth year in office," White notes.
The economic factors which have been taken into consideration in the Moody's model are two-year change in real household income, real home price growth and gas prices. The political factors are the two-year change in the president's approval rating, political fatigue and how Democratic-leaning a state is, CNN added.
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