Statistical Challenges in Modern Astronomy II

Wavelets are the central idea of a broad framework for thinking about displaying, and analyzing data - not just a new specialized technique. They are localized basis functions that provide an extremely flexible and efficient representation of time series. Current developments in the theory and application of wavelets are yielding powerful multiresolution techniques for the analysis of time series and image data. Wavelet methods can effect noise removal. characterization of stochastic behavior, depiction of power spectrum time-variations, and data compression - for time series data, image data, and data of higher dimensions. I review published applications of wavelets in astronomy.