Algorithm and Deduction

noun

• A precise rule (or set of rules) specifying how to solve some problem.
  • synonyms: algorithmic rule, algorithmic program

• (n.) The art of calculating by nine figures and zero.
• (n.) The art of calculating with any species of notation; as, the algorithms of fractions, proportions, surds, etc.

Algorithm is a complex mathematical model. In credit scoring, it is used to compare data in millions of credit reports and predict a person's likelihood to repay debts.

noun

• A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket.
  • synonyms: tax write-off, tax deduction
• An amount or percentage deducted.
  • synonyms: discount
• Something that is inferred (deduced or entailed or implied. )
  • usage: "his resignation had political implications"
  • synonyms: entailment, implication
• Reasoning from the general to the particular (or from cause to effect.
  • synonyms: deductive reasoning, synthesis
• The act of subtracting (removing a part from the whole. )
  • usage: "he complained about the subtraction of money from their paychecks"
  • synonyms: subtraction
• The act of reducing the selling price of merchandise.
  • synonyms: discount, price reduction

• (n.) That which is deduced or drawn from premises by a process of reasoning; an inference; a conclusion.
• (n.) That which is deducted; the part taken away; abatement; as, a deduction from the yearly rent.
• (n.) Act of deducting or taking away; subtraction; as, the deduction of the subtrahend from the minuend.
• (n.) Act or process of deducing or inferring.

Deduction is an expense that is allowable as a reduction of gross taxable income by the IRS e. G., charity donations.