Fibonacci Series Generation: Guide to generating the Fibonacci series using iterative and recursive approaches in Python

The Fibonacci series is a captivating sequence of numbers that exhibits a remarkable pattern. Each number in the series is the sum of the two preceding numbers, starting with 0 and 1. The Fibonacci series unfolds as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, and so on. This intriguing sequence finds its applications in various fields such as mathematics, computer science, and nature.