According to their updated analysis, Romney is projected to receive 330 of the total 538 Electoral College votes. President Barack Obama is expected to receive 208 votes — down five votes from their initial prediction — and short of the 270 needed to win.

The new forecast by political science professors Kenneth Bickers of CU-Boulder and Michael Berry of CU Denver is based on more recent economic data than their original Aug. 22 prediction. The model itself did not change.

“We continue to show that the economic conditions favor Romney even though many polls show the president in the lead,” Bickers said. “Other published models point to the same result, but they looked at the national popular vote, while we stress state-level economic data.”