Benford analysis exploits the pattern relating to the first digit of numbers appearing in a random data set.

Question

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Benford's Law states that the first digit of numbers in a random data set tend to follow a certain pattern, with the digit 1 appearing more frequently than any other digit, followed by 2, 3, and so on. Benford analysis uses this pattern to detect anomalies or irregularities in data sets, such as potential fraud or data manipulation.

Benford Analysis Exploits the Pattern Relating to the First Digit