1. A method for predicting a high dynamic range image element, said method comprising: a) receiving a plurality of low dynamic range (LDR) image data; b) generating a first predicted high dynamic range (HDR) prediction parameter value based on said plurality of LDR image data; c) extracting an LDR image value from said plurality of LDR image data; and d) forming an HDR image element prediction using said first predicted HDR prediction parameter value and said LDR image value.