2011-10-12

dsrtao: dsr as a LEGO minifig (Default)
2011-10-12 10:24 am

Simple math means corporations are lying to auditors

http://econerdfood.blogspot.com/2011/10/benfords-law-and-decreasing-reliability.html

Benford's Law is one of those math things that is cool when you hear about it and very obvious once you think about it: when you have a natural process that measures the amount of stuff, there will be more numbers that start with "1" than start with "9".

Violations of Benford's Law are a key indicator that someone is cooking the books.
dsrtao: dsr as a LEGO minifig (Default)
2011-10-12 10:24 am

Simple math means corporations are lying to auditors

http://econerdfood.blogspot.com/2011/10/benfords-law-and-decreasing-reliability.html

Benford's Law is one of those math things that is cool when you hear about it and very obvious once you think about it: when you have a natural process that measures the amount of stuff, there will be more numbers that start with "1" than start with "9".

Violations of Benford's Law are a key indicator that someone is cooking the books.