The use of Gaussian processes (GPs) as models for astronomical time series datasets has recently become almost ubiquitous, given their ease of use and flexibility. GPs excel in particular at marginalization over the stellar signal in cases where the variability due to starspots rotating in and out of view is treated as a nuisance, such as in exoplanet transit modeling. However, these effective models are less useful in cases where the starspot signal is of primary interest since it is not obvious how the parameters of the GP model are related to the physical properties of interest, such as the size, contrast, and latitudinal distribution of the spots. Instead, it is common practice to explicitly model the effect of individual starspots on the light curve and attempt to infer their properties via optimization or posterior inference. Unfortunately, this process is degenerate, ill-posed, and often computationally intractable when applied to stars with more than a few spots and/or to ensembles of many light curves. In this paper, we derive a closed-form expression for the mean and covariance of a Gaussian process model that describes the light curve of a rotating, evolving stellar surface conditioned on a given distribution of starspot sizes, contrasts, and latitudes. We demonstrate that this model is correctly calibrated, allowing one to robustly infer physical parameters of interest from one or more stellar light curves, including the typical radii and the mean and variance of the latitude distribution of starspots. Our GP has far-ranging implications for understanding the variability and magnetic activity of stars from both light curves and radial velocity (RV) measurements, as well as for robustly modeling correlated noise in both transiting and RV exoplanet searches. Our implementation is efficient, user-friendly, and open source, available as the Python package starry-process.
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