The Fibonacci sequence is a significant concept in mathematical theory and has various uses in computer science. It starts with 0 and 1, with each following number being the sum of the two preceding ones. The sequence progresses as follows: 0, 1, 1, 2, 3, 5, 8, 13, and continues onward. Generating the Fibonacci sequence using an iterative method is quite simple. We start by initializing the first two numbers and then iterate from the third number to the desired nth number, updating the values at each step to be the sum of the two previous numbers. Below is a Python implementation of this approach: def fibonacci ( n ) : if n <= 0 : return [ ] elif n == 1 : return [ 0 ] elif n == 2 : return [ 0 , 1 ] sequence = [ 0 , 1 ] for i in range ( 2 , n ) : sequence . append ( sequence [ i - 1 ] + sequence [ i - 2 ] ) return sequence This algorithm runs in a loop n times, resulting in a time complexity of O(n). The space complexity is also O(n) since we store the sequence in an array.