Günnel, Stefan; Tödter, Karl-Heinz - Deutsche Bundesbank - 2007
Benford's law. This phenomenon has been used in many business and scientific applications, especially in fraud detection for … financial data. In this paper, we analyse whether Benford's law holds in economic research and forecasting. First, we examine … are broadly consistent with Benford's law. In sharp contrast, the second digits of Consensus Forecasts exhibit a massive …