Estimation of error on the cross-correlation, phase and time lag between evenly sampled light curves

Temporal analysis of radiation from Astrophysical sources like Active Galactic Nuclei, X-ray Binaries and Gamma-ray bursts provides information on the geometry and sizes of the emitting regions. Establishing that two light-curves in different energy bands are correlated, and measuring the phase and time-lag between them is an important and frequently used temporal diagnostic. Generally the estimates are done by dividing the light-curves into large number of adjacent intervals to find the variance or by using numerically expensive simulations.

In this work we have presented alternative expressions for estimate of the errors on the cross-correlation, phase and time-lag between two shorter light-curves when they cannot be divided into segments. Thus the estimates presented here allow for analysis of light-curves with relatively small number of points, as well as to obtain information on the longest time-scales available. The expressions have been tested using 200 light curves simulated from both white and 1 / f stochastic processes with measurement errors. We also present an application to the XMM-Newton light-curves of the Active Galactic Nucleus, Akn 564. The example shows that the estimates presented here allow for analysis of light-curves with relatively small (∼ 1000) number of points.