  We have derived the uncertainties to be expected in the derivation of galaxy
physical properties (star formation history, age, metallicity, reddening) when
comparing broad-band photometry to the predictions of evolutionary synthesis
models. We have obtained synthetic colors for a large sample (9000) of
artificial galaxies assuming different star formation histories, ages,
metallicities, reddening values, and redshifts. The colors derived have been
perturbed by adopting different observing errors, and compared back to the
evolutionary synthesis models grouped in different sets. The comparison has
been performed using a combination of Monte Carlo simulations, a Maximum
Likelihood Estimator and Principal Component Analysis. After comparing the
input and derived output values we have been able to compute the uncertainties
and covariant degeneracies between the galaxy physical properties as function
of (1) the set of observables available, (2) the observing errors, and (3) the
galaxy properties themselves. In this work we have considered different sets of
observables, some of them including the standard Johnson/Cousins (UBVRI) and
Sloan Digital Sky Survey (SDSS) bands in the optical, the 2 Micron All Sky
Survey (2MASS) bands in the near-infrared, and the Galaxy Evolution Explorer
(GALEX) bands in the UV, at three different redshifts, z=0.0, 0.7, and 1.4.
This study is intended to represent a basic tool for the design of future
projects on galaxy evolution, allowing an estimate of the optimal band-pass
combinations and signal-to-noise ratios required for a given scientific
objective.
