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:
“It is hardly to be believed how spiritual reflections when mixed with a little physics can hold people’s attention and give them a livelier idea of God than do the often ill-applied examples of his wrath.”
—G.C. (Georg Christoph)
“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)
“No rules exist, and examples are simply life-savers answering the appeals of rules making vain attempts to exist.”
—André Breton (1896–1966)