3 ms·
Because the claim was made that spanning several orders of magnitude is sufficient to allow application of Benford's law: > The big one you need to look for is
by CrazyStat 5y ago
Because the claim was made that spanning several orders of magnitude is sufficient to allow application of Benford's law:
> The big one you need to look for is that the variable spans multiple orders of magnitude.
> Berkshire Hathaway going back to 1980 spans three orders of magnitude, so we're good there.
> BTC going back 7 years is also decent. It's not quite as good - only spanning two orders of magnitude - but it's enough that we would expect Benford's Law to apply better than it does in this graph.
This claim is false. I provided a counterexample to demonstrate as much. Whether or not it's "pathological" is both subjective and irrelevant.