Continuous wavelet analysis of the Total Solar Irradiance (TSI) time series
accurately describes its non-stationary, multi-scale variations over a wid
e time-scale domain. The analysis was also applied to Photometric Sunspot I
ndex (PSI) and full-disk Calcium II K-line Photometric Facular Index (PFI)
time series to identify the contributions of sunspots and faculae/magnetic-
network to the time-frequency behavior of TSI. Significant spectral power i
s found near 27-days in the time-series spectra of TSI, PSI and PFI, confir
ming sunspot and facular phenomena as the primary causes of TSI variability
near the average solar rotation rate for active regions. The spectra of bo
th PFI and TSI exhibit correlative trends to longer periodicities during so
lar cycles 21 and 22, demonstrating the dominant influence of faculae and m
agnetic network on TSI during the declining phase of these solar cycles.