You can definitely base business decisions on that statement. Inductive reasoning, on the other hand, allows for the possibility that the conclusion is false even though the premises are true.

The second argument is of Logical Reasoning. Inductive and Deductive Reasoning. Deductive is from the general propositions to specific, and inductive is the opposite, from specific to general.

Inductive reasoning is a branch of logic. In a valid inductive argument, the conclusion (consequent) is believed to be true on the basis of its antecedents. For example, when all swans are observed to ...

In this paper, two different theoretical problems of induction are delineated. The first problem is addressed; the second problem is deferred to the sequel to this paper. The first problem of ...

Inductive logic programming (ILP) and machine learning together represent a powerful synthesis of symbolic reasoning and statistical inference.

While philosophers talk about the coherence or correspondence theories of truth, the rest of us have to deal with another, more immediate, division: subjective, deductive (logical) and inductive (in ...

In a deductive or ‘truth-preserving’ argument, the conclusion follows from the premises as their logical consequence; in an inductive argument, the conclusion is merely supported or suggested ...

MARK SIDERITS, DEDUCTIVE, INDUCTIVE, BOTH OR NEITHER?, Journal of Indian Philosophy, Vol. 31, No. 1/3, Special Triple Issue. Proceedings of the International Seminar 'Argument and Reason in Indian ...