# Description list for equation's terms

I'm trying to create a custom description environment (using enumitem) so I can describe the terms of an equation. What I want is to define item labels that are defaulted to inline math mode, and also to horizontally align the list to the right hand side of the items described, as in this example (without the colons):

I'm aware of the solutions given here (in fact, I pulled the image from that post), but I'm required to use enumitem (not using tabular, array, etc.) and the enumitem solution doesn't quite do what I want.

So, how can I define a custom description list like that? I've tried using the package's documentation, but haven't been able to do it.

Will this do?

\documentclass{article}

\usepackage{amsmath}
\usepackage{amssymb}

\usepackage{enumitem}
\SetLabelAlign{myright}{\hss\llap{$#1$}}
\newlist{where}{description}{1}
\setlist[where]{labelwidth=2cm,labelsep=1em,
leftmargin=!,align=myright,font=\normalfont}

\begin{document}

$P_{xi}=\overline{U}_{x}+\sigma_{x}\frac{\sum^{Nu}_{k}D_{kx}\times \left( \frac{S_{ki}-\overline{U}_{k}}{\sigma_{k}}\right)}{\sum^{Nu}_{k}D_{kx}}$
Where:
\begin{where}
\item [P_{xi}] is the predicted rate for user $x$ on item $i$
\item [S_{ki}] is the rate of song $i$ given by user $k$
\item [\overline{U}_{x}] is the average rate of user $x$
\item [\overline{U}_{k}] is the average rate of user $k$
\item [\sigma_{x}] is the standard deviation of all the rates of user $x$
\end{where}

\end{document}

You can use scrextend and paralist

\documentclass{article}

\usepackage{amsmath}
\usepackage{amssymb}
\usepackage{scrextend}
\usepackage{paralist}
\usepackage{enumitem}

\usepackage{blindtext}

\begin{document}

\blindtext

$$\label{eq:mylabel} P_{xi}=\overline{U}_x+\sigma_x\frac{\sum_k^{Nu}D_{kx}\times\left(\frac{S_{ki}-\overline{U}_k}{\sigma_k}\right)}{\sum_k^{Nu}D_{kx}},$$

Where:

\begin{compactitem}
\item [$P_{xi}$]: is the predicted rate for user $x$ on item $i$
\item [$S_{ki}$]: is the rate of song $i$ given by user $k$
\item [$\overline{U_{x}}$]: is the average rate of user $x$
\item [$\overline{U_{k}}$]: is the average rate of user $k$
\item [$\sigma_{x}$]: is the standard deviation of all the rates of user $x$
\end{compactitem}