We present a new likelihood-ratio ranking statistic for use in searches for gravitational waves from the inspiral and merger of compact object binaries. Expanding on previous work, the ranking statistic incorporates a model for the correlations in the signal-to-noise ratios with which signals will be seen in a network of ground-based antennas while retaining an algebraic procedure for mapping ranking statistic values to false-alarm probability. Additionally, the ranking statistic enables the implementation of a rigorous signal rate estimation technique. We implement the ranking statistic and demonstrate its use including signal rate estimation in an analysis of a simulated signal population in simulated noise.
@article{arxiv.1504.04632,
title = {Likelihood-Ratio Ranking Statistic for Compact Binary Coalescence Candidates with Rate Estimation},
author = {Kipp Cannon and Chad Hanna and Jacob Peoples},
journal= {arXiv preprint arXiv:1504.04632},
year = {2015}
}