Benford's Law [The Actuary, May 2005]

Discussion in 'Off-topic' started by jensen, Nov 29, 2011.

  1. jensen

    jensen Member

    I tried this on some of my claims data and the first digit seems legit, but not as smooth as I would like it. I am planning to try the first 2 digits, but not sure how to calculate the probabilities.

    Anyone knows the formula to calculate the probabilities for the first 2 digits? The attached article only gave the formula for calculating the probabilities of the first digit.

    Thanks.
     

    Attached Files:

  2. DevonMatthews

    DevonMatthews Member

    Anyone knows how to use google?
     
  3. jensen

    jensen Member

    Thanks for helping.

    I found it here, for those who are interested and have not much time to hunt around.

    Here is the original page.
     

    Attached Files:

Share This Page