Abstract
The parameters of inspiralling compact binaries can be estimated using matched filtering of gravitational-waveform templates against the output of laser-interferometric gravitational-wave detectors. Using a recently calculated formula, accurate to second post-Newtonian (2PN) order [order , where is the orbital velocity], for the frequency sweep () induced by gravitational radiation damping, we study the statistical errors in the determination of such source parameters as the ``chirp mass'' , reduced mass , and spin parameters and (related to spin-orbit and spin-spin effects, respectively). We find that previous results using template phasing accurate to 1.5PN order actually underestimated the errors in , , and . For two inspiralling neutron stars, the measurement errors increase by less than 16 percent.
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