If we are to give the names of Deduction, Induction, and Abduction to the three grand classes of inference, then Deduction must include every attempt at mathematical demonstration, whether it relate to single occurrences or to “probabilities,” that is, to statistical ratios; Induction must mean the operation that induces an assent, with or without quantitative modification, to a proposition already put forward, this assent or modified assent being regarded as the provisional result of a method that must ultimately bring the truth to light; while Abduction must cover all the operations by which theories and conceptions are engendered.