In Model Based Development (MBD) of embedded systems, it is often desirable to not only verify/falsify certain formal system specifications, but also to automatically explore the properties that the system satisfies. Namely, given a parametric specification, we would like to automatically infer the ranges of parameters for which the property holds/does not hold on the system. In this paper, we consider parametric specifications in Metric Temporal Logic (MTL). Using robust semantics for MTL, the parameter estimation problem can be converted into an optimization problem which can be solved by utilizing stochastic optimization methods. The framework is demonstrated on some examples from the literature.