Let's consider baseband complex signal like this:
red: real part of signal
blue: magnitude^2
green: mean value of magnitude^2
as you can see, there are a lot of peaks but only one has value greater than 10. From definition PAR=Ppeak/Pmean... question is what would be Ppeak in this case? Max(pepeak) could be taken, but intuition tells that this extreme peak could be casual interference and isn't significant (could be hard clipped without significant signal degradation). Another possibility would be some averaging of Ppeaks, but which peaks should be considered in this case (just all greater than Pmean)?

