Massive black hole binary coalescences are prime targets for space-based
gravitational wave (GW) observatories such as {\it LISA}. GW measurements can
localize the position of a coalescing binary on the sky to an ellipse with a
major axis of a few tens of arcminutes to a few degrees, depending on source
redshift, and a minor axis which is 2−4 times smaller. Neglecting weak
gravitational lensing, the GWs would also determine the source's luminosity
distance to better than percent accuracy for close sources, degrading to
several percent for more distant sources. Weak lensing cannot, in fact, be
neglected and is expected to limit the accuracy with which distances can be
fixed to errors no less than a few percent. Assuming a well-measured cosmology,
the source's redshift could be inferred with similar accuracy. GWs alone can
thus pinpoint a binary to a three-dimensional ``pixel'' which can help guide
searches for the hosts of these events. We examine the time evolution of this
pixel, studying it at merger and at several intervals before merger. One day
before merger, the major axis of the error ellipse is typically larger than its
final value by a factor of ∼1.5−6. The minor axis is larger by a factor
of ∼2−9, and, neglecting lensing, the error in the luminosity distance is
larger by a factor of ∼1.5−7. This large change over a short period of
time is due to spin-induced precession, which is strongest in the final days
before merger. The evolution is slower as we go back further in time. For z=1, we find that GWs will localize a coalescing binary to within $\sim 10\
\mathrm{deg}^2$ as early as a month prior to merger and determine distance (and
hence redshift) to several percent.Comment: 30 pages, 10 figures, 5 tables. Version published in Ap