Definition: Induction is a method of reasoning in which you use individual ideas or facts to give you a general rule or conclusion.
Alsoo there exist special kind of induction, called mathematical induction.
Definition: Mathematical induction is a method of proving a proposition that all integers have a property P(n), by first proving that 1 has the property P(1) and then that if the integer n has property P(n) it so the property P(n+1) has integer n + 1. This is also generalization of some individual rules.
Answer: statement is true.