No, it does not predict, it specifies this relationship.
And specifies it incorrectly (in as much as it purports to model reality). The volatility smile is sufficient to show this, as the implied volatility for the same underlying asset is different for different options based on it.
And specifies it incorrectly (in as much as it purports to model reality). The volatility smile is sufficient to show this, as the implied volatility for the same underlying asset is different for different options based on it.