Inductive Reasoning

Definition of "Inductive reasoning"

April Rosado
  RE/MAX North San Antonio

Type of logic that makes the assumption that what has happened in the past will happen in the future, given the same conditions surrounding the two occurrences. In other words, "History repeats itself." In insurance, an example would involve the assumption of future wooden frame houses burning if the same conditions exist now that existed in the past when wooden frame houses burned.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ