Abstract

https://ssrn.com/abstract=1505147
 
 

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Remarks on the Use of Benford's Law


James C. Alexander


Case Western Reserve University - Department of Mathematics and Cognitive Science

November, 13 2009


Abstract:     
Benford's law is a method of digital analysis that is used to probe sets of data. It is based on the frequency of occurrence of the digits '1' through '9' of the first significant digit of data values. A chi-square or similar frequency test is usually used. An alternative to the usual statistical methodology of digitally analyzing data for conformance with Benford's law is presented. This method is based on the more basic phenomenon underlying the frequency of the first digit, and thus is more robust and powerful. This method has a firm basis in statistical theory; critical values can be precisely determined. Other concomitant issues concerning Benford's law are also examined.

Number of Pages in PDF File: 19

Keywords: Benford's law, digital analysis, circular data analysis, conformance testing

JEL Classification: C12


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Date posted: December 20, 2009  

Suggested Citation

Alexander, James C., Remarks on the Use of Benford's Law (November, 13 2009). Available at SSRN: https://ssrn.com/abstract=1505147 or http://dx.doi.org/10.2139/ssrn.1505147

Contact Information

James C. Alexander (Contact Author)
Case Western Reserve University - Department of Mathematics and Cognitive Science ( email )
Cleveland, OH 44106
United States
HOME PAGE: http://www.cwru.edu/artsci/math/alexander/
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