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Inductive Reasoning

Definition of "Inductive reasoning"

Julie Pope
  Keller Williams Realty

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.

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