|Dec15-11, 01:07 AM||#1|
Benford's Law - anyone have their own examples?
Anyone here have their own examples? I found it applies to the tonnage of steel beam produced where I am working.30% of the time the weight started with a one.
|Jan4-12, 08:59 AM||#2|
It's important to understand why Benford's works (because there are many causes where false positives and false negatives can occur). Basically you have to have a random process generating the numbers.
A simply accounting example that doesn't pass Benford yet is perfectly legitimate is an ensemble of cash flows resulting from a fixed contractual amount. It's also quite easy to fake a Benford distribution.
|Similar Threads for: Benford's Law - anyone have their own examples?|
|I need Examples?||Biology||2|
|Benford's Law And A Theory of Everything:||General Physics||0|
|Articles on Benford's Law||General Math||0|
|Examples||Set Theory, Logic, Probability, Statistics||10|
|can't think of 2 examples||Introductory Physics Homework||1|