You may have heard this before, but point differential is a better indicator of future success than won-loss record. In other words, when trying to determine if a team will win or lose a set of games, looking at their point differential in past games only, will be more accurate to predict their success than actual wins and losses. This has been demonstrated with lots of research over many years. You can use this knowledge to see which teams were lucky and unlucky to win as many games as they did and try to predict who will outperform or underperform general public expectations in the future.
Long-time readers may be aware of Pythagorean Win Expectancy. This was first developed for baseball but has since between adapted to the NFL. It's named after the famous Pythagorean theorem because it kind of looks like the formula you learned in junior high:
win expectancy = [points scored^2.37 / (points scored^2.37 + points scored^2.37)]
It turns out there is an even better way to calculate a team's win expectancy that does not use a hardcoded constant. (2.37 above) This is beneficial because a) scoring in the NFL and RedZone is not constant from year to year and b) high scoring teams and low scoring teams should not be using the same constant to determine their win expectancy. Think about it, a 10-point loss in a 48-38 game is not the same as losing 20-10.
So, this is where PythagoreanPAT comes in. It is the same formula as above, but instead of 2.37 for the exponent, you calculate the exponent for each team individually. The formula for the exponent is:
exponent = [ (points scored + points allowed) / number of games] ^ 0.251
I know, using an exponent constant to calculate an exponent constant is odd. The original modification for this was log10 of the formula above minus the exponent, but that proved to be less accurate than using a constant based on historical data. I actually used both methods to see how Red Zone compared to real-life, and sure enough PythagoreanPAT was more accurate than the original Pythagorean win expectancy formula and the formula based on log10 (this is called PythagoreanPORT, if you're wondering). So, we will go with that.
Anyway, here are the results.
Some quick observations: