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Can we understand this? Time Auto-correlation Function

The so-called time-displacement autocorrelation ϕ(t) for a quantity M is given by

ϕ(t)=dt[M(t)M][M(t+t)M],

which can be rewritten as

ϕ(t)=dt[M(t)M(t+t)M2],

where M is the average value and M(t) its instantaneous value. We can discretize this function as follows, where we used our set of computed values M(t) for a set of discretized times (our Monte Carlo cycles corresponding to moving all electrons?)

ϕ(t)=1tmaxttmaxtt=0M(t)M(t+t)1tmaxttmaxtt=0M(t)×1tmaxttmaxtt=0M(t+t).