A multiplexing technique named Orthogonal Frequency Division Multiplexing (OFDM) has been widely used in a broadband wireless communication system. This technique can provide the larger data rates with the capability of showing enough strength to the impairments caused by the radio based channels. The OFDM based systems are supposed to be sensitive towards the errors that originate due to the frequency mismatch in the form of the Carrier Frequency Offset (CFO) effect. That further leads to an effect named Inter-Carrier Interference (ICI). ICI mainly occurs due to the inconsistency in the frequencies of the local oscillators that are present together at the transmitter and the receiver side. For compensating the effect of the CFO, the researchers have proposed different types of methods and algorithms used for estimation and its correction by now. In this research, the reason for the generation of the CFO and its effects are shown on the performance of the system is studied. The main algorithms and techniques for the CFO estimation and correction are reviewed and discussed in the literature briefly and also discussed a proposed and an efficient method for the estimation and compensation of the CFO is proposed.
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