In: Accounting
what is inductive and deductive reasoning
Deductive and Inductive Reasoning
Deductive and inductive are basically types of arguments and where argument generally supports conclusion with premises.
Deductive reasoning is basically a type of argument which supports conclusion logically for example arguments which are based on rules, facts, truth, laws and principles and are accepted widely.
It is the process of reasoning which involves to draw conclusion based on the relationship of two premises in which one assertion is broad(major premises and valid) and other is specific(minor premises and invalid). As major premises are broad it is to be supported by values and laws.
Like for instance:
Reena is a woman
All women are mortal
Therefore it proves that reena is mortal.
It is a top to down approach.
Inductive Reasoning is basically a type of argument which supports conclusion on the basis of judgment, pattern, trend, experience and observation. These arguments do not prove truth as these conclusions are based on probable support. The argument which support successfully is a strong argument whereas that fails to support is considered as weak. It is a bottom to up approach.