An arithmetic sequence is a sequence where each term after the first is obtained by adding a constant value, called the common difference, to the preceding term. The document provides examples of arithmetic sequences and explains how to identify them and calculate the nth term using formulas like an = a1 + (n-1)d, where a1 is the first term, d is the common difference, and n is the term number. It also shows how to use these concepts and formulas to solve problems involving finding terms and sums of arithmetic sequences.