The DeSart & Holbrook model published an updated forecast of the election result. According to the model, Clinton will receive 55.7% of the two-party vote share in New Mexico, while Trump will end up with 44.3%. In comparison, on October 20 Trump was predicted to achieve 43.9% of the vote.
Putting the results in context
As any other method, models are subject to bias. Hence, don't focus too much on the results of an individual econometric model. Rather than trusting the results from single models, the best practice scientific advice is to consult combined models or, even better, a combined forecast that relies on forecasts from different methods, each of which relies on different data.
Results compared to the combined PollyVote forecast
The latest PollyVote forecasts Clinton to gain 56.3% of the two-party vote in New Mexico. PollyVote currently predicts Clinton to gain 0.6 percentage points more compared to the results of the DeSart & Holbrook model.