Multifrequency Photo-polarimetric WEBT Observation Campaign on the Blazar S5 0716+714: Source Microvariability and Search for Characteristic Timescales
G. Bhatta, {\L}. Stawarz, M. Ostrowski, A. Markowitz, H. Akitaya, A., A. Arkharov, R. Bachev, E. Ben\'itez, G. A. Borman, D. Carosati, A. D. Cason,, R. Chanishvili, G. Damljanovic, S. Dhalla, A. Frasca, D. Hiriart, S-M. Hu, R., Itoh, D. Jableka, S. Jorstad, M. D. Jovanovic

TL;DR
This paper presents a comprehensive multi-band and polarimetric observational campaign of blazar S5 0716+714, revealing rapid microvariability, spectral evolution, and polarization behavior, while searching for characteristic timescales and polarization-flux correlations.
Contribution
It provides the first extensive multi-band, nearly continuous dataset with polarimetric data for this blazar, analyzing microflares, spectral changes, and polarization-flux relationships in detail.
Findings
Detected microflares with ~0.1 mag flux changes and high polarization (>30%).
Found potential ~3h and ~5h quasi-periodic oscillation hints, not statistically significant.
Observed polarization degree changes leading flux variability by about 2 hours under certain conditions.
Abstract
Here we report on the results of the WEBT photo-polarimetric campaign targeting the blazar S5~0716+71, organized in March 2014 to monitor the source simultaneously in BVRI and near IR filters. The campaign resulted in an unprecedented dataset spanning \,h of nearly continuous, multi-band observations, including two sets of densely sampled polarimetric data mainly in R filter. During the campaign, the source displayed pronounced variability with peak-to-peak variations of about and "bluer-when-brighter" spectral evolution, consisting of a day-timescale modulation with superimposed hourlong microflares characterized by \,mag flux changes. We performed an in-depth search for quasi-periodicities in the source light curve; hints for the presence of oscillations on timescales of \,h and \,h do not represent highly significant departures from a pure…
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