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Time constant
In physics and engineering, the time constant, usually denoted by the Greek letter τ (tau), is the parameter characterizing the response to a step input of a first-order, linear time-invariant (LTI) system. The time constant is the main characteristic unit of a first-order LTI system. It gives speed of the response. For example, in a simple RC circuit driven by a step change in voltage, the time constant τ = RC sets how quickly the capacitor voltage charges toward its new steady-state value.
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