... same sector demonstrate similar growth rates of revenue and profit, it can be assumed that a certain level of these indicators is typical for this sector. Or, having noticed seasonal fluctuations in a company's results (say, sales growth during the holiday months and a decline in the first quarter), the analyst expects that similar seasonality will repeat itself in the future. Induction helps to identify patterns that are then taken into account when assessing the prospects of an asset. Deduction....