Benford's Law

RSS
  • Use data mining techniques to detect fraud

    Posted November 5, 2009 - 10:34 am

    The basic premise of Benford's Law is that certain leading digits in any random set of data will appear in a specific non-uniform manner or in a certain frequency -- anything that is outside that frequency indicates a non-compliant anomaly. There are some great tools out there that can let you apply Benford's Law to your data, including Microsoft Excel.
Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Join today!

See more content
Ask a Question
randomness