I am learning about graph coloring. One of the exercise problems(grimaldi) led me to derive the chromatic polynomial for any cycle($C_n, n \ge 3$).
$P(C_n, \lambda) = (\lambda - 1)^n + (-1)^n(\lambda - 1)$, where $\lambda$ is the number of colours available
Is it possible to interpret the terms of above polynomial? I need help doing the same.