Benford’s laws tests on S&P500 daily closing values and the corresponding daily log-returns both point to huge non-conformity

Publication
Physica A: Statistical Mechanics and its Applications

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Prof. Marcel Ausloos
Professor of Econophysics and Complex Systems
Valerio Ficcadenti
Valerio Ficcadenti
Associate Professor
Dr. Gurjeet Dhesi
Associate Professor of Financial Markets and Econophysics
Dr. Muhammad Bilal Shakeel
Lecturer in Accounting and Finance