ABSTRACT As the hunt for an Earth-like exoplanets has intensified in recent years, so has the effort to characterize and model the stellar signals that can hide or mimic small planetary signals. Stellar variability arises from a number of sources, including granulation, supergranulation, oscillations, and activity, all of which result in quasi-periodic or stochastic behaviour in photometric and/or radial velocity observations. Traditionally, the characterization of these signals has mostly been done in the frequency domain. However, the recent development of scalable Gaussian process regression methods makes direct time-domain modelling of stochastic processes a feasible and arguably preferable alternative, obviating the need to estimate the power spectral density of the data before modelling it. In this paper, we compare the two approaches using a series of experiments on simulated data. We show that frequency-domain modelling can lead to inaccurate results, especially when the time-sampling is irregular. By contrast, Gaussian process regression results are often more precise, and systematically more accurate, in both the regular and irregular time-sampling regimes. While this work was motivated by the analysis of radial velocity and photometry observations of main-sequence stars in the context of planet searches, we note that our results may also have applications for the study of other types of astrophysical variability such as quasi-periodic oscillations in X-ray binaries and active galactic nuclei variability.
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