Transit Light Curves with Finite Integration Time: Fisher Information Analysis
Ellen M. Price, Leslie A. Rogers

TL;DR
This paper analyzes how finite integration times in space telescope photometry affect the precision of transit parameter estimation, providing analytic formulas and code to quantify uncertainties and correlations.
Contribution
It introduces analytic approximations for transit parameter variances and covariances considering finite integration times, enhancing understanding of observational limitations.
Findings
Uncertainties on ingress/egress times increase significantly with longer integration times.
Transit depth uncertainties are largely unaffected by finite integration times.
Mid-transit time remains uncorrelated with other parameters despite increased uncertainties.
Abstract
Kepler has revolutionized the study of transiting planets with its unprecedented photometric precision on more than 150,000 target stars. Most of the transiting planet candidates detected by Kepler have been observed as long-cadence targets with 30 minute integration times, and the upcoming Transiting Exoplanet Survey Satellite (TESS) will record full frame images with a similar integration time. Integrations of 30 minutes affect the transit shape, particularly for small planets and in cases of low signal-to-noise. Using the Fisher information matrix technique, we derive analytic approximations for the variances and covariances on the transit parameters obtained from fitting light curve photometry collected with a finite integration time. We find that binning the light curve can significantly increase the uncertainties and covariances on the inferred parameters when comparing scenarios…
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