JAMB - Economics (2001 - No. 8)
When a generalization is made based on observed facts, it is known as?
deductive reasoning
inductive reasoning
theoretical reasoning
normative reasoning
Spiegazione
Inductive reasoning is a process by which a person makes a generalization based on specific, individual experiences. The process begins with observation. A person collects data through the five senses, then analyzes the gathered information to draw a general conclusion that may be applied to other situations. It is the most basic form of reasoning in existence.