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The estimated associations between labour and schooling may thus represent estimates at the margin.
The American estimates at the time were far more conservative.
According to some British estimates at the time, up to 50 Iraqis were killed.
Both were above Wall Street's estimates at the time, and the stock surged.
But despite it all, sales estimates at the auction houses are more robust than ever.
Most significantly, halving the congestion charge zone at the end of 2010 has already cost TfL up to £140m, according to its estimates at the time.
This is despite an incremental foreign exchange tailwind of around £5m to pretax profit since we cut estimates at the interims.
According to market estimates at the time, Lehman's balance-sheet was under pressure from perhaps $25 billion of unrealised losses on illiquid assets.
Mr Fair most recently updated his estimates at the end of July, when his model predicted a victory for Mr Obama in 2012 with 53.4% of the vote.
Another intriguing finding is that their confidence limits widen after bear markets, mostly because estimates at the lower bound become more pessimistic.
This key is the channel estimates at the transmitters.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com