Editing Stylized fact (section)

==Examples==

Stylized facts are widely used in economics, in particular to motivate the construction of a model and/or to validate it. Examples are:

* [[Stock returns]] are uncorrelated and not easily forecastable.<ref>{{cite journal |last=Cont |first=Rama |year=2001 |title=Empirical properties of asset returns: stylized facts and statistical issues |journal=[[Quantitative Finance]] |volume=1 |issue=2 |pages=223–236 |doi=10.1080/713665670|s2cid=5625400 }}</ref>
* [[Yield curve]]s 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"<ref>{{cite journal |last=Kahn |first=James A. |year=1987 |title=Inventories and the Volatility of Production |journal=[[American Economic Review]] |volume=77 |issue=4 |pages=667–679 |jstor=1814538 }}</ref>