Does Benford's law hold in economic resear and forecasting? /

First and higher order digits in data sets of natural and socio-economic processes often follow a distribution called Benford’s law. This phenomenon has been used in business and scientific applications, especially in fraud detection for financial data. In this paper, we analyse whether Benford’s la...

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Bibliographic Details
Main Author: Günnel, Stefan
Other Authors: Tödter, Karl-Heinz
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2007
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies no. 32/2007
Subjects:
Online Access:https://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2007/2007_12_10_dkp_32.pdf?__blob=publicationFile