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In this work we have developed a new stochastic model for the fluctuations in lightcurves of accreting black holes. The model is based on a linear combination of stochastic processes and is also the solution to the linear diffusion equation perturbed by a spatially correlated noise field. This allows flexible modeling of the power spectral density (PSD), and we derive the likelihood function for the process, enabling one to estimate the parameters of the process, including break frequencies in the PSD. Our statistical technique is computationally efficient, unbiased by aliasing and red noise leak, and fully accounts for irregular sampling and measurement errors. We show that our stochastic model provides a good approximation to the X-ray lightcurves of galactic black holes, and the optical and X-ray lightcurves of AGN. We use the estimated time scales of our stochastic model to recover the correlation between characteristic time scale of the high frequency X-ray fluctuations and black hole mass for AGN, including two new `detections of the time scale for Fairall 9 and NGC 5548. We find a tight anti-correlation between the black hole mass and the amplitude of the driving noise field, which is proportional to the amplitude of the high frequency X-ray PSD, and we estimate that this parameter gives black hole mass estimates to within ~ 0.2 dex precision, potentially the most accurate method for AGN yet. We also find evidence that ~ 13% of AGN optical PSDs fall off flatter than 1 / f^2, and, similar to previous work, find that the optical fluctuations are more suppressed on short time scales compared to the X-rays, but are larger on long time scales, suggesting the optical fluctuations are not solely due to reprocessing of X-rays.
I outline the theory of accretion onto black holes, and its application to observed phenomena such as X-ray binaries, active galactic nuclei, tidal disruption events, and gamma-ray bursts. The dynamics as well as radiative signatures of black hole ac
A typical galaxy is thought to contain tens of millions of stellar-mass black holes, the collapsed remnants of once massive stars, and a single nuclear supermassive black hole. Both classes of black holes accrete gas from their environments. The accr
We present the publicly available model textsc{reltrans} that calculates the light-crossing delays and energy shifts experienced by X-ray photons originally emitted close to the black hole when they reflect from the accretion disk and are scattered i
The role of bremsstrahlung in the emission from hot accretion flows around slowly accreting supermassive black holes is not thoroughly understood. In order to appraise the importance of bremsstrahlung relative to other radiative processes, we compute
The `fundamental plane of black hole accretion (FP), a relation between the radio luminosities ($L_R$), X-ray luminosities ($L_X$), and masses ($M_{BH}$) of hard/quiescent state black hole binaries and low-luminosity active galactic nuclei, suggests