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22

Economics—“One” Way to Find Fraud

Lecture no. 22 from the course: Meaning from Data: Statistics Made Clear

Economics—“One” Way to Find Fraud

Taught by Professor Michael Starbird | 30 min | Categories: The Great Courses Plus Online Mathematics Courses

Economics relies on a wealth of statistical data, including income levels, the balance of trade, the deficit, the stock market, and the consumer price index. A surprising result of such data is that the leading digits of numbers do not occur with equal frequency, and that provides a statistical method for detecting fraud.

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