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Exposure Compensation

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Exposure compensation is a technique for adjusting the exposure indicated by a photographic exposure meter, in consideration of factors that may cause the indicated exposure to result in a less-than-optimal image. Factors considered may include unusual lighting distribution, variations within a camera system, filters, non-standard processing, or intended underexposure or overexposure. Cinematographers may also apply exposure compensation for changes in shutter angle or film speed (as exposure index), among other factors.

Exposure Compensation

Also see: Aperture, Shutter Speed and Film Speed.

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Reference: Wikipedia