The coefficient counts matchings in a graph with edges. For a bipartite graph with vertices on each side, counts perfect matchings and equals the permanent of a matrix of its bipartite adjacency matrix. Positive activity makes the normalizing constant of the weighted matching Markov chain.
For , expand the expectation under the weighted matching Markov chain stationary weights to obtain the displayed identity. If the largest matching in a graph has edges and , the observable lies in . Its sample mean has controlled error by the Hoeffding inequality. A product of ratios, each estimated to relative accuracy , approximates the full ratio to relative accuracy .
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