Standard Candles
Almost all of the physical distance indicators are standard candles. These are objects that belong to some class that have a known brightness. By comparing the known luminosity of the latter to its observed brightness, the distance to the object can be computed using the inverse square law. These objects of known brightness are termed standard candles.
In astronomy, the brightness of an object is given in terms of its absolute magnitude. This quantity is derived from the logarithm of its luminosity as seen from a distance of 10 parsecs. The apparent magnitude, or the magnitude as seen by the observer, can be used to determine the distance D to the object in kiloparsecs (where 1 kpc equals 1000 parsecs) as follows:
where m the apparent magnitude and M the absolute magnitude. For this to be accurate, both magnitudes must be in the same frequency band and there can be no relative motion in the radial direction.
Some means of accounting for interstellar extinction, which also makes objects appear fainter and more red, is also needed, especially if the object lies within a dusty or gaseous region. The difference between absolute and apparent magnitudes is called the distance modulus, and astronomical distances, especially intergalactic ones, are sometimes tabulated in this way.
Read more about this topic: Cosmic Distance Ladder
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