The empirical formula should be used after calculating the standard deviation and collecting the exact data needed for a forecast.
The empirical rule is a term used in statistics also known as the 68–95–99.7 rule. This rule is majorly used in forecasting the final outcome of events.
The empirical rule can be used to therefore determine a rough estimate of the outcome of the impending data to be collected and analyzed. This is done after calculating the standard deviation and collecting the exact data needed.
68–95–99.7 rule,