### Estimates, Forecasts, Projections

Herding Cats

NOVEMBER 27, 2016

**Estimates**. An **Estimate** is a value inferred for a population of values based on data collected from a sample of data from that population. The **estimate** can also be produced parametrically or through a simulation (Monte Carlo is common, but Method of Moments is another we use). . **Estimates** can be about the past, present, or future. We can **estimate** the number of clams in the Pleistocene era that are in the shale formations near our house. **Estimate** to Complete.

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