"Deduction Goes from the General to the Particular; Induction Goes

question 7

Essay

"Deduction goes from the general to the particular; induction goes from the particular to the general." Explain why this statement is wrong and give examples to support your point. Give your own characterization of the difference between deduction and induction.

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Definitions:

Timeplot

A graphical representation showing a sequence of values of a variable over time.

Closing Values

A term often used in finance and investing to refer to the final price of a stock or asset when the market closes for the day.

High

A term which can refer to an elevated status, level, or degree of something, often used in a comparative context.

Categorical

Pertaining to data that can be divided into specific groups or categories that are qualitatively distinct.