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==Applications of the wavelet transform==
One of the most popular applications of wavelet transform is image compression. The advantage of using wavelet-based coding in image compression is that it provides significant improvements in picture quality at higher compression ratios over conventional techniques. Since wavelet transform has the ability to decompose complex information and patterns into elementary forms, it is commonly used in acoustics processing and pattern recognition, but it has been also proposed as an instantaneous frequency estimator<ref>{{Cite journal|last=Sejdic|first=E.|last2=Djurovic|first2=I.|last3=Stankovic|first3=L.|date=August 2008|title=Quantitative Performance Analysis of Scalogram as Instantaneous Frequency Estimator
Continuous Wavelet Transform (CWT) is very efficient in determining the damping ratio of oscillating signals (e.g. identification of damping in dynamic systems). CWT is also very resistant to the noise in the signal.<ref>Slavic, J and Simonovski, I and M. Boltezar, [http://lab.fs.uni-lj.si/ladisk/?what=abstract&ID=11 Damping identification using a continuous wavelet transform: application to real data]</ref>
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