1) OFDM is used to combat channel impairments like fading and intersymbol interference that occur due to high transmission rates in wireless systems.
2) In OFDM, high rate data streams are converted to low rate parallel streams and modulated using techniques like BPSK before transmission.
3) The use of a cyclic prefix preserves orthogonality in OFDM and prevents intersymbol interference.
4) The document describes the key components of an OFDM system including the transmitter, channel model, and receiver section. It focuses on modeling the wireless channel as a Rayleigh fading channel using the Jakes model.