The term eccentricity is used to an orbit's non-circularity,
and is more specifically used for a numerical quantification (e)
of the non-circularity of an orbit: zero for a circular orbit,
between zero and one for an elliptical orbit, 1 for a parabolic
trajectory, and greater than 1 for hyperbolic.
These types of curves, termed conic sections, trace each
path of a pair of bodies due to gravitational
interactions between them.
The eccentricity of an elliptical orbit (covering virtually all of
what we think of as "orbits") is:
ra - rpe = ———————
ra + rp
Where:
e is the eccentricity.
ra is the orbiting body's orbital radius at apoapsis (i.e., its furthest distance from the pair of bodies' center of mass).
rp is the orbiting body's orbital radius at periapsis (i.e., its closest distance from the pair of bodies' center of mass).
Earth's orbit has an eccentricity of 0.0167, the Moon's is 0.0549,
and Halley's Comet's is 0.97.
An extra-solar planet's orbital eccentricity can aid in the study of
its atmosphere: electromagnetic radiation from the system includes reflected
light from the planet, which varies with the varying distance between
host star and planet, including effects of the planet's atmospheric
temperature and weather resulting from this varying temperature.
Differential spectroscopy through the course of the orbit offers
additional clues regarding the atmosphere's constituents.