Inductive Reasoning is most often used to form a conjecture. It is not generally regarded as substantive proof.*
A conjecture offers as statement as true. It does not prove it or offer an explanation. When the conjecture is proved, it becomes a law (science) or a theorom (math). Conjectures for the most part are the conclusions drawn from inductive reasoning.
An example of a conjecture would be, "The sum of any two odd numbers is even," if determined by inductive reasoning (3 + 1 = 4, etc.).
*The exception is a special type of deductive reasoning called an inductive proof.