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/