Frequency modulation (FM) is a type of angle modulation where the instantaneous frequency of the carrier signal varies linearly with the modulating signal. There are two types of FM: narrowband FM (NBFM) where the modulation index is less than 1, and wideband FM (WBFM) where the modulation index is greater than 1. The bandwidth of an FM signal can be estimated using Carson's rule, which states that nearly all the signal power lies within a bandwidth equal to twice the maximum frequency deviation plus the maximum modulating frequency. FM signals have constant amplitude but varying frequency, so their average power does not depend on the modulating signal and remains constant.