Average Wait Time?

I know there’s been a few posts on this from frustrated players, but does anyone know how the average wait time is actually calculated? At first glance it appears to be broken.

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If it’s ‘too long’, the feature tends to break entirely, brining its usefulness into question.

LFR queues, for example, are hours upon hours, if they pop at all, and there isn’t usually a time listed for that reason.

Island Expeditions, same deal.

Dungeons tend to lie and low-ball the timer, from what I’ve seen.

Random Battlegrounds are an overall average wait time, but if not enough people are playing/queue for bgs, it can never pop while saying like 7-12 minutes or something like that.

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I would assume they pull data from a given time period (past hour as an example) and extrapolate it out to give a rough estimate. Worth noting that it is ~noon on a weekday so people most likely aren’t on right now and furthermore I would expect random BG queues to be slow all week since I believe I heard comp stomp was up which is a far more lucrative and mind numbing source of honor/marks.