Inductive reasoning is a bottom-up approach, while deductive reasoning is top-down. Inductive reasoning takes you from the specific to the general, it uses specific and limited observations to draw general/broader conclusions that are applied more widely. In contrast, in deductive reasoning, a basic form of reasoning that uses a general principle or premise is used as the basis to draw specific conclusions; inferences are made by going from general premises to specific conclusions.
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Examples: •Develop new product features based on the way users use the product.
•Determine when you leave home based on your daily experience with traffic.
•Plan all the project tasks to complete them within the deadlines provided.
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Examples: •Determining the most effective go-to-market strategy based on user base.
•Develop a pricing strategy by doing a complete user and competitor analysis.
•Determine the reason for decreased sales and find the most optimum solution to the problem.
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