Polynomial is a simple math model that uses a first-through-fifth order polynomial transformation, which is calculated based on two-dimensional (2-D) ground control points (GCP). This math model produces the 'best' fit, mathematically, to a set of 2-D GCPs on an image.
The polynomial equations are fitted to the x and y coordinates of the GCPs by using least-squares criteria to model the correction in the image without identifying the source of the distortion. You can select from several polynomial orders depending on the accuracy required and the number of GCPs available.
First-order polynomial transformations can model a rotation, scale, and translation. Because up to 21 additional terms are added, giving a fifth-order polynomial, you can achieve more complex warping. However, using a lower-order transformation reduces the time needed to complete the correction, and less geometric distortion may occur in areas with no GCPs.
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