In: Proceedings of Scientific and professional conference with international participation “QUALITY 2003”, Zenica, B&H, November 13th and 14th, 2003.
ISSN/ISBN: Not available at this time. DOI: Not available at this time.
Note - this is a foreign language paper: BOS
Abstract: In 1881, an American astronomer and mathematician dr. Simon Newcomb, observed that raw numerical data tend to be more numerous with low starting digits than with high, independently from the total value of numbers or systems of measurement that the values are expressed in. In 1938, dr. Frank Benford, observes this law once again and tests it on a huge set of data collected from all the fields of life. He observes that the data agree with the law he established and that will be named after him later on – Benford’s law. Only in 1996, an American mathematician, dr. Theodore P. Hill explained and mathematically proved that Benford’s law is the resultant of all the distributional laws in mathematical statistics. At this moment, the most convincing application of Benford’s law is in the inspection of business books in order to discover possible misrepresenting of data. For example, the list of expenditures in business books must agree with Benford’s law, the more if the number of items is greater, and if it is not the case, there is strong evidence that the data are false and the other methods can be used to for detailed test. As soon as the experimental application of Benford’s law started in the USA, frauds were discovered in most of the cases where indicated by Benford’s law.
Bibtex:
@inproceedings{,
AUTHOR={Jukić,Omer and Muhurdarević, Nedžad},
TITLE={Benfordovzakon},
BOOKTITLE={Proceedings of Scientific and professional conference with international participation “QUALITY 2003”, Zenica, B&H, November 13th and 14th, 2003},
MONTH={ November 13th and 14th},
YEAR={2003},
URL={http://www.quality.unze.ba/zbornici/QUALITY%202003/016-R-059.pdf },
}
Reference Type: Conference Paper
Subject Area(s): General Interest