In the analysis of biological time series, the state space comprises a framework for the study of systems with presumably deterministic properties. However, a physiological experiment typically captures an observable, or, in other words, a series of scalar measurements that characterize the temporal response of the physiological system under study; the dynamic variables that make up the state of the system at any time are not available. Therefore, only from the acquired observations should state vectors reconstructed in order to emulate the different states of the underlying system. It is what is known as the reconstruction of the state space, called phase space in real-world signals, for now only satisfactorily resolved using the method of delays. Each state vector consists of m components, extracted from successive observations delayed a time τ. The morphology of the geometric structure described by the state vectors, as well as their properties, depends on the chosen parameters τ and m. The real dynamics of the system under study is subject to the correct determination of the parameters τ and m. Only in this way can be deduced characteristics with true physical meaning, revealing aspects that reliably identify the dynamic complexity of the physiological system. The biological signal presented in this work, as a case study, is the PhotoPlethysmoGraphic (PPG) signal. We find that m is five for all the subjects analyzed and that τ depends on the time interval in which it evaluates. The Hénon map and the Lorenz flow are used to facilitate a more intuitive understanding of applied techniques.