‘We were wrong’: Election forecaster Larry Sabato admits defeat

President-elect Donald Trump defied every poll, pundit and election analyst.

According to Larry Sabato, director of the University of Virginia's Center for Politics, who appeared on Fox News’ “Fox and Friends” Wednesday, the entire political forecasting industry — which favored a Hillary Clinton win — was wrong.

"We were wrong,” Sabato said. "The entire punditry industry, the entire polling industry, the entire analyst industry – and I want to use this opportunity to take my fair share of the blame – we were wrong."

"We, the whole industry, have a lot to learn from this,” he added.

The politics expert went on to explain that unpredictable demographic turnouts is what swung the election in Trump’s favor, citing record voter turnout among rural voters and low turnout among demographics that Clinton needed, such as African-Americans and millennials.

"How do you capture people who maybe won’t talk to pollsters or will fib to pollsters?" Sabato said. "It’s an industry-wide failure, and we’ve got to get it fixed."

"This is a spectacular event that we will be studying for the rest of our lives,” he concluded.

.@LarrySabato: "We were wrong." pic.twitter.com/LXzeWqYH1k

— Fox News (@FoxNews) November 9, 2016