Yes. When you add the LED it fundamentally changes the circuit.So, power dissipation of an LED, Pd=Pd=I (anode) x V(anode-cathode) - you agree with that formula?
But, where I am making a mistake is in calculating I(anode). Instead of the subtraction from resistor only vs resistor + LED, I should have taken the current measured with the resistor and the LED in the circuit?
Is that correct?
Current measured with teh LED and resistor in circuit is correct.
If you measure the Vf (LED anode - LED Cathode) while the circuit is running, and then measure the current (anywhere in the circuit, it will be the same) that will give you the actual LED Pd = Vf x I


