> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Variance unexplained PL

<Badge color="gray" size="lg">[model\_eligibility](../tags/model_eligibility)</Badge>

|                 |                                                          |
| --------------- | -------------------------------------------------------- |
| **Description** | The variance of the unexplained P\&L (BCBS 352: 183 (b)) |
| **Formula**     | $\displaystyle \frac{\sum (x-\bar{x})^2}{n}$             |