Newton's forward and backward interpolation are methods for estimating the value of a function between known data points. Newton's forward interpolation uses a formula to calculate successive differences between the y-values of known x-values to estimate y-values for unknown x-values greater than the last known x-value. Newton's backward interpolation similarly uses differences but to estimate y-values for unknown x-values less than the first known x-value. The document provides an example of using Newton's forward formula to find the estimated y-value of 0.5 given a table of x and y pairs, calculating the differences and plugging into the formula. It also works through an example of Newton's backward interpolation to estimate the y-value at