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What is the difference between an estimate and a projection?

April 26, 2017difference estimate projection

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What is the difference between an estimate and a projection?

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A population estimate represents a current or historical measure of the population. A population projection is a forecast of future populations. BC Stats uses the Component/Cohort-Survival method to project populations. This method “grows” the population from the latest base year estimate by forecasting births, deaths and migration by age. These forecasts are based on past trends modified to account for possible future changes and, consequently, should be viewed as only one possible scenario of future population.