The University of Colorado is famous for its spotless presidential predictions. According to its analysis Republican Mitt Romney will be the next president.

The state-by-state factors leading to the Electoral College selection are analysed by the university to reach the conclusion. And they haven't been wrong even once.

According to the political science professors Kenneth Bickers of CU-Boulder and Michael Berry of CU Denver, the model they follow to predict the election outcome is the key. Apparently, their prediction model focuses on economic data obtained from all the 50 states and the District of Columbia, including both state and national unemployment figures as well as changes in real per capita income, among other factors.

According to their analysis, President Barack Obama will win 218 votes in the Electoral College, short of the 270 that is needed. And though they chiefly focus on the Electoral College, the political scientists predict Romney will win 52.9 percent of the popular vote to Obama's 47.1 percent considering only two parties.

Berry said that the model has correctly predicted the winner for last eight presidential elections and will continue to do so.

"The economy has seen some improvement since President Obama took office. What remains to be seen is whether voters will consider the economy in relative or absolute terms. If it's the former, the president may receive credit for the economy's trajectory and win a second term. In the latter case, Romney should pick up a number of states Obama won in 2008," he said.

But many who resorted to social media to express their displeasure say otherwise. With Republicans' strong pro-choice sentiments without any exception hasn't gone too well with voters. The recent preposterous and outrageous statement about rape by Todd Akin, Republican nominee for the Missouri U.S. Senate seat, has made things worse for Republicans.

According to the Huffington Post, their data from The Huffington Post Election Dashboard predicts that 'there are at least 13 states that are either dead heats or within a handful of percentage points in either direction.'

So, it is too early to say who will be chosen as the next leader by voters.

The UC study will be published in Political Science & Politics, a peer-reviewed journal of the American Political Science Association.