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This session discusses the concept of undo retention period, which is the number of seconds committed undo data is kept. The parameter for this is undo_retention, set to a value such as 1800 seconds in the example. It behaves differently in auto-extending undo tablespaces compared to fixed size ones. In auto-extending tablespaces, Oracle retains undo for at least the specified time and adjusts it periodically to meet requirements. Oracle checks for long-running queries and increases the retention period if needed. In fixed size tablespaces, Oracle automatically tunes for optimal performance.