Using Benford’s Law to Detect Bitcoin Manipulation
What is the statistical likelihood of this appearing by chance? Note that 2014 to today isn&#x27;t actually that long of a timeframe, as prices in a time-series are highly linked to the previous data point.<p>Berkshire Hathaway has been trading for several decades; so that&#x27;s 40 years of data; as compared to 7 years of data. yet the author, by using the same charts, seems to falsely imply that these are remotely comparable.<p>This article seems to have as much logic as the whole &quot;Benford&#x27;s law proves the elections were rigged!!!&quot; claims by QAnon, who tried to apply Benford&#x27;s Law on a county level, found that it generally fits a vast majority of the time, but cherry-picked the counties where it didn&#x27;t fit (which generally tended to be smaller and hence less data points). Well, duh, it&#x27;s statistics: outliers are to be expected.<p>Pretty poor take from an author at &quot;statmodeling.stat.columbia.edu&quot;.