Benford's Law - Distributions That Exactly Satisfy Benford's Law

Distributions That Exactly Satisfy Benford's Law

Some well-known infinite integer sequences provably satisfy Benford's law exactly (in the asymptotic limit as more and more terms of the sequence are included). Among these are the Fibonacci numbers, the factorials, the powers of 2, and the powers of almost any other number.

Likewise, some continuous processes satisfy Benford's law exactly (in the asymptotic limit as the process continues longer and longer). One is an exponential growth or decay process: If a quantity is exponentially increasing or decreasing in time, then the percentage of time that it has each first digit satisfies Benford's law asymptotically (i.e., more and more accurately as the process continues for more and more time).

Read more about this topic:  Benford's Law

Famous quotes containing the words satisfy and/or law:

    It is the object of learning, not only to satisfy the curiosity and perfect the spirits of ordinary men, but also to advance civilization.
    Woodrow Wilson (1856–1924)

    Listen, little boy. In this business, there’s only one law you gotta follow to keep outta trouble. Do it first, do it yourself, and keep on doin’ it.
    Ben Hecht (1893–1964)