What does stylized fact mean?
Definitions for stylized fact
styl·ized fact
This dictionary definitions page includes all the possible meanings, example usage and translations of the word stylized fact.
Wikipedia
Stylized fact
In social sciences, especially economics, a stylized fact is a simplified presentation of an empirical finding. A stylized fact is often a broad generalization that summarizes data, which although essentially true may have inaccuracies in the detail. A prominent example of a stylized fact is: "Education significantly raises lifetime income." Another stylized fact in economics is: "In advanced economies, real GDP growth fluctuates in a recurrent but irregular fashion". However, scrutiny to detail will often produce counterexamples. In the case given above, holding a PhD may lower lifetime income, because of the years of lost earnings it implies and because many PhD holders enter academia instead of higher-paid fields. Nonetheless, broadly speaking, people with more education tend to earn more, so the above example is true in the sense of a stylized fact.
Numerology
Chaldean Numerology
The numerical value of stylized fact in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of stylized fact in Pythagorean Numerology is: 6
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"stylized fact." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/stylized+fact>.
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