as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the difference between inductive and deductive reasoning.
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inductive reasoning is a type of reasoning that starts with specific observations made and uses these observations to draw broader generalizations or conclusions. deductive reasoning takes general principles and applies them to come to specific conclusions. inductive reasoning works from the specific to the general, while deductive reasoning works from the general to the specific.
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