Can I transfer my old iPad to a new one?

Hello there, I have a quick question regarding transferring data from an old iPad to a new one. I'm wondering if it's possible to seamlessly transfer all my apps, files, and settings from my current iPad to the new one I just bought. I've heard about iCloud backups and restoring from them, but I'm not entirely sure how it works or if there are any other options available. Could you please guide me through the process and let me know what the best method is for transferring everything over? Thank you in advance for your help!