Examples
Stylized facts are widely used in economics, in particular to motivate the construction of a model and/or to validate it. Examples are:
- Yield curves tend to move in parallel
- Education is positively correlated to lifetime earnings
- Inventory behavior of firms: “the variance of production exceeds the variance of sales”
Read more about this topic: Stylized Fact
Famous quotes containing the word examples:
“There are many examples of women that have excelled in learning, and even in war, but this is no reason we should bring ‘em all up to Latin and Greek or else military discipline, instead of needle-work and housewifry.”
—Bernard Mandeville (1670–1733)
“In the examples that I here bring in of what I have [read], heard, done or said, I have refrained from daring to alter even the smallest and most indifferent circumstances. My conscience falsifies not an iota; for my knowledge I cannot answer.”
—Michel de Montaigne (1533–1592)
“Histories are more full of examples of the fidelity of dogs than of friends.”
—Alexander Pope (1688–1744)