We study the instantaneous frequencies (IF's) of multicomponent AM-FM
signals by extending the recent work on the two-component case by Loug
hlin and Tacer to the more general M-component case. A novel necessary
and sufficient condition of the valid interpretation of the IF as a n
onnegatively weighted average of the IF's of the components is propose
d, which we apply as a method of interpreting the IF's of signals havi
ng no more than three dominant components at each time. Our quantitati
ve study shows that in general, the IF-based monocomponent AM-FM decom
position is not appropriate for the modeling and analysis of multicomp
onent AM-FM signals unless all the components are well separated in th
e time domain.