American Statistician 50(4), pp. 311-313.
ISSN/ISBN: 0003-1305 DOI: 10.1080/00031305.1996.10473558
Abstract: Recent research has focused on studying the patterns in the digits of closely followed stock market indexes. In this paper we find that the series of 1-day returns on the Dow-Jones Industrial Average Index (DJIA) and the Standard and Poor's Index (S&P) reasonably agrees with Benford's law and therefore belongs to the family of anomalous or outlaw numbers.
Bibtex:
@article{,
title={On the peculiar distribution of the US stock indexes' digits},
author={Ley, Eduardo},
journal={The American Statistician},
volume={50},
number={4},
pages={311--313},
year={1996},
ISSN={1532-2882},
publisher={Taylor \& Francis},
DOI={10.1080/00031305.1996.10473558},
}
Reference Type: Journal Article
Subject Area(s): Economics