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Because actual rather than absolute values of the forecast errors are used in the formula, positive and negative forecast errors can offset each other; as a result, the formula can be used as a measure of the bias in the forecasts. A disadvantage of this measure is that it is undefined whenever a single actual value is zero.
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Circular bivariate normal distribution 20 hits distribution example. The original concept of CEP was based on a circular bivariate normal distribution (CBN) with CEP as a parameter of the CBN just as μ and σ are parameters of the normal distribution.
The formula is used with an exponent of 2.37 and gives a projected winning percentage. That winning percentage is then multiplied by 17 (for the number of games played in an NFL season from 2021), to give a projected number of wins. This projected number given by the equation is referred to as Pythagorean wins.
A confidence interval for the parameter , with confidence level or coefficient , is an interval determined by random variables and with the property: The number , whose typical value is close to but not greater than 1, is sometimes given in the form (or as a percentage ), where is a small positive number, often 0.05.
For example, to calculate the 95% prediction interval for a normal distribution with a mean (μ) of 5 and a standard deviation (σ) of 1, then z is approximately 2. Therefore, the lower limit of the prediction interval is approximately 5 ‒ (2⋅1) = 3, and the upper limit is approximately 5 + (2⋅1) = 7, thus giving a prediction interval of ...
(200% for the first formula and 100% for the second formula). Provided the data are strictly positive, a better measure of relative accuracy can be obtained based on the log of the accuracy ratio: log( F t / A t ) This measure is easier to analyse statistically, and has valuable symmetry and unbiasedness properties.
One repetition maximum can be used for determining an individual's maximum strength and is the method for determining the winner in events such as powerlifting and weightlifting competitions. One repetition maximum can also be used as an upper limit, in order to determine the desired "load" for an exercise (as a percentage of the 1RM).