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Over the past 50 years, Allan variance and its modifications have been developed for characterizing the instabilities in precision clocks and oscillators. These instabilities are often modeled by non-stationary processes, and these variances have been shown to be efficient descriptors of these processes. The timedomain and frequency-domain relationships are shown along with the strengths and weaknesses of the proposed variances. These variances are also shown to be useful elsewhere, as in navigation.
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D.W. Allan (2016) studied this question.
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