It's when you know what you know in your head, and know what you know from a story.
Example
Tom was jumping in puddles outside on a rainy day, while his mom was cleaning the house. Tom was hungry, so he went inside to get a snack, he didn't remember to wipe his feet before he came in. So he made footprints all over the house! What do you think will happen next?
Tom will get in trouble by his mom
That's a drawing conclusion!
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drawing conclusions from data collecting.
It means to think of a conclsions in your mind in the story that what might happen next in the story.
A mathematical science that involves the collecting, organizing , analysing data and drawing conclusions.
draw can have the meaning to deduce/infer/derive. So drawing a conclusion means to deduce / come to some conclusion from things that have been said or seen etc.
Inductive