View Complete Reference

Huxley, SJ (1999)

Why Benford's Law works and How to do digit analysis on spreadsheets

Presented at the 1999 International Conference of the Decision Sciences Institute.

ISSN/ISBN: Not available at this time. DOI: Not available at this time.

There are no links available at this time.

Abstract: Digit analysis is a new weapon in the arsenal of auditors and others seeking to verify the authenticity of a list of numbers. These numbers may represent transactions, income statement figures, or stock market movements. Benford’s Law states that the first digits in any list of numbers that have not been generated by some systematic process follow a logarithmic rather than a uniform pattern, with 1’s accounting for 30 percent of all leading digits, 2’s about 17 percent, and so forth, declining to about five percent for 9’s. This paper provides several explanations of why Benford’s Law works and extends it to other forms of digit analysis.

@inproceedings{, title={Why Benford’s law works and how to do digit analysis on spreadsheets}, author={Huxley, Stephen J}, booktitle={International Conference of the Decision Sciences Institute}, year={1999}, }

Reference Type: E-Print

Subject Area(s): General Interest