Francis Analytics
Actuarial Data Mining Services

 

Francis Analytics promotes a learning enviromnent for students of data-mining by providing supervised internships on a selective basis.

 

For more information, please contact contact us.

 

 

 

 

 

 

 

 

Contact us:
215-923-1567

louise.francis@data-mines.com

Resources for Learning and Exploration - Student Papers


Jackie Lambert, "Detecting Fraud Using Benford's Law " , J uly 2006.

Excerpt: Benford's Law, or the First Digit Law as it is sometimes called, states that the first digits of many numbers do not occur randomly and evenly throughout a dataset. Using intuitive logic and the general laws of probability we would assume that the probability of the first digit of a number being 4 and the probability of it being 9 is the exact same with about a 0.111 chance. However, as Benford's Law would have it the probability of the first digit being a 4 is 0.096 and the probability of it being a 9 is 0.045(Nigrini). Why and how does this phenomenon occur and how is this beneficial to us in detecting fraud? <download>

Jackie Lambert, "Data Mining Intro for Students, July 2006.
<download>

 

 

Note about the author: Ms. Jackie Lambert is a student in the International Baccalaureate Program at Henrico High School in Richmond, VA. She will graduate in 2007.