We present damped harmonic oscillator (DHO) light-curve modeling for a sample of 12,714 spectroscopically confirmed quasars in the Sloan Digital Sky Survey Stripe 82 region. DHO is a second-order continuous-time autoregressive moving-average (CARMA) process, which can be fully described using four independent parameters: a natural oscillation frequency (), a damping ratio (), a characteristic perturbation timescale (), and an amplitude for the perturbing white noise (). The asymptotic variability amplitude of a DHO process is quantified by – a function of , , , and . We find that both and follow different dependencies with rest-frame wavelength () on either side of 2500 \AA, whereas follows a single power-law relation with . After correcting for wavelength dependence, exhibits anti-correlations with both the Eddington ratio and the black hole mass, while – with a typical value of days in the rest-frame – shows an anti-correlation with the bolometric luminosity. Modeling AGN variability as a DHO offers more insight into the workings of accretion disks close to the supermassive black holes (SMBHs) at the center of AGN. The newly discovered short-term variability (characterized by and ) and its correlation with bolometric luminosity pave the way for new algorithms that will derive fundamental properties (e.g., Eddington ratio) of AGN using photometric data alone.

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