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

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.