The inductively coupled plasma atomic emission spectrometry (ICP-AES) and its signal characteristics were discussed using modern spectral estimation technique. The power spectra density (PSD) was calculated using the auto-regression (AR) model of modern spectra estimation. The Levinson-Durbin recursion method was used to estimate the model parameters which were used for the PSD computation. The results obtained with actual ICP-AES spectra and measurements showed that the spectral estimation technique was helpful for the better understanding about spectral composition and signal characteristics.