Benford’s Law, also known as the Newcomb–Benford law or first-digit law, is a statistical phenomenon predicting that in many naturally occurring datasets the smaller digits (especially ‘1’) appear as ...
Open your favorite social media platform and note how many friends or followers you have. Specifically, note the first digit of this number. For example, if you have 400 friends, the leading digit is ...
(Reuters) – Investors wanting to dodge the next Enron, or just outperform the market, might want to pay particular attention to the first digits, and only the first digits, in numbers in company ...
Benford’s law is an empirical “law” governing the frequency of leading digits in numerical data sets. Surprisingly, for mathematical sequences the predictions derived from it can be uncannily accurate ...