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Definitions from the Web

Description:

Benford's is a statistical phenomenon commonly known as Benford's Law. It states that in many naturally occurring collections of numbers, the leading digit is more likely to be small. This law finds applications in various fields such as accounting, fraud detection, and data analysis.

Senses:

Sense 1:

Noun: Benford's refers to the phenomenon known as Benford's Law.

Example sentence: The accountant used Benford's to detect irregularities in the company's financial statements.

Sense 2:

Adjective: Benford's refers to something related to or following the principles of Benford's Law.

Example sentence: The researcher conducted a Benford's analysis to investigate whether the data set followed the expected distribution.

Related Products:

• Statistics Books
• Data Analysis Books
• Accounting Fraud Detection Tools