Fade and inter-fade duration data obtained from the three beacons at 12, 20, and 30 GHz aboard the OLYMPUS satellite were analyzed. The different types of signal impairments and their causes were highlighted and a literature survey conducted. Twelve months of fade and inter-fade data were analyzed and the results of these statistics are presented in the form of tables and figures. The analysis was done on both the monthly and annual data. These tables and figures show that at the higher fade levels, the number of fade events and the fade time is smaller than at the lower thresholds. For the same fade level the number of fade events and the fade time goes down as the fade duration which it exceeds is increased. Inter-fade durations also showed similar results. The fades exhibited seasonal dependencies. The number of fades (and consequently the fade time) were much higher for the months of May through August and for the months of March and December. The other months showed very little fade activity. A model was also constructed that can predict the fade time as a function of frequency, attenuation level, and fade duration interval. The predicted fade times agree well with the measured fade duration data. An alternate simplified version of the model is also presented. / Master of Science