Measuring time delays: I. Using a flux time series that is a linear combination of time-shifted light curves
Ofer M. Springer, Eran O. Ofek

TL;DR
This paper introduces a likelihood-based method to measure time delays in unresolved, red-noise light curves, aiding in identifying lensed quasars and reverberation timescales, even with low flux ratios.
Contribution
It develops a novel likelihood function for combined, unresolved light curves to detect time delays and flux ratios, improving analysis of complex astrophysical phenomena.
Findings
Effective in measuring time delays with flux ratios as low as 1/10.
Can distinguish between combined and original light curves using the likelihood approach.
Provides practical Python and MATLAB tools for implementation.
Abstract
(Abridged) Several phenomena in astrophysics generate light curves with time delays. Among these are reverberation mapping, and lensed quasars. In some systems, the measurement of the time-delay is complicated by the fact that the delayed components are unresolved and that the light curves are generated from a red-noise process. We derive the likelihood function of the observations given a model of either a combination of time-delayed light curves or a single light curve. This likelihood function is different from the auto-correlation function. We demonstrate that given a single-band light curve that is a combination of two (or more) time-shifted copies of an original light curve, generated from a red-noise probability distribution, we can test if the total-flux light curve is a composition of time-delayed copies or, alternatively, is consistent with being the original light curve.…
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