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Benford's Law is about real-life sources of data, and the frequency distribution of these. It is also known as the First-Digit Law.
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∙ 10y ago
Benford's Law is a mathematical principle that states a specific distribution of the first digits in numerical datasets. It predicts that the digit "1" will occur as the first digit more frequently than other digits in various real-life data sets. This phenomenon is often used to detect anomalies or fraud in financial or accounting data.
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