Let X and Y be Hilbert spaces. If T : X \to Y is Fredholm, then we have a decomposition:X = \ker T \oplus (\ker T)^\perp, \quad Y = \operatorname{ran} T \oplus (\operatorname{ran} T)^\perpT is a bicontinuous bijection between (\ker T)^\perp, \operatorname{ran} T , and for it to be Fredholm, both \ker T , (\operatorname{ran} T)^\perp must be finite-dimensional. By picking an appropriate orthonormal basis, T has a matrix representation \begin{bmatrix} 0_{ \operatorname{dim}\operatorname{coker}T \times \dim \ker T} & 0\\ 0 & \ddots \end{bmatrix}. Let H be a
Hilbert space with an orthonormal basis \{e_n\} indexed by the non negative integers. The
unilateral shift operator S on
H is defined by :S(e_n) = e_{n+1}, \quad n \ge 0. \, This operator
S is injective (actually, isometric) and has a closed range of codimension 1, hence
S is Fredholm with \operatorname{ind}(S)=-1. The powers S^k, k\geq0, are Fredholm with index -k. The adjoint
S* is the left shift, :S^*(e_0) = 0, \ \ S^*(e_n) = e_{n-1}, \quad n \ge 1. \, The left shift
S* is Fredholm with index 1. If
H is the classical
Hardy space H^2(\mathbf{T}) on the unit circle
T in the complex plane, then the shift operator with respect to the orthonormal basis of complex exponentials :e_n : \mathrm{e}^{\mathrm{i} t} \in \mathbf{T} \mapsto \mathrm{e}^{\mathrm{i} n t}, \quad n \ge 0, \, is the multiplication operator
Mφ with the function \varphi=e_1. More generally, let
φ be a complex continuous function on
T that does not vanish on \mathbf{T}, and let
Tφ denote the
Toeplitz operator with symbol
φ, equal to multiplication by
φ followed by the orthogonal projection P:L^2(\mathbf{T})\to H^2(\mathbf{T}): : T_\varphi : f \in H^2(\mathrm{T}) \mapsto P(f \varphi) \in H^2(\mathrm{T}). \, Then
Tφ is a Fredholm operator on H^2(\mathbf{T}), with index related to the
winding number around 0 of the closed path t\in[0,2\pi]\mapsto \varphi(e^{it}): the index of
Tφ, as defined in this article, is the opposite of this winding number. ==Applications==