Identify Pattern: Identify the pattern in the series 31,92,274,818,24316. Each term is obtained by multiplying the previous term by 32.
Check Number of Terms: Check if the series has a finite number of terms. The series has 5 terms listed, which is a finite number.
Determine Series Type: Determine if the series is arithmetic or geometric. The ratio between consecutive terms is constant 32, so it's a geometric series.