Here are the key steps to identify and classify sequences as arithmetic or geometric: 1) Find the common difference (d) or common ratio (r) by taking the difference or ratio of consecutive terms. 2) Check if d or r is constant. If d is constant, it is arithmetic. If r is constant, it is geometric. 3) For arithmetic, d should be the same when taking differences of all consecutive terms. 4) For geometric, r should be the same when taking ratios of all consecutive terms. Some examples: 1) Geometric: r = 5 (15/3 = 5, 75/15 = 5) 2) Geometric: r = 1/