In this paper we present compact closed form formulas for the Cramer Rao Bound corresponding to the joint estimation of the directions-of-arrival, the signal covariance matrix, and the noise variance. Using these formulas we investigate the effect of signal correlation on the achievable accuracy of direction finding system in a correlated signal environment. As expected, estimation accuracy decreases with increasing correlation magnitude. We observe that under certain conditions (small aperture, high correlation magnitude), correlation phase has a strong effect on DOA estimation accuracy.
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Weiss et al. (1993) studied this question.
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