Economics—“One” Way to Find Fraud
Lecture no. 22 from the course: Meaning from Data: Statistics Made Clear
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.