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Benford's Law perfectly describes Bitcoin Volume

Benford's Law is one of most intriguing properties within data science. Benford's Law states the first digit in a set of natural numbers is not evenly distributed. Instead, 30.1% of first digits begin with a one, 17.6% begin with a two, 12.5% begin with a three and so on. I created a SPSS...

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Blog Entry
Bitcoin's rise and fall in one chart

In preparing for a future blog post, I discovered a chart visualization that summarizes nicely the difference between Bitcoin in 2017 versus so far in 2018. This chart shows Bitcoin's volume vs the daily close (last transaction of the day) price in USD. Notice the strong positive slope...

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Blog Entry
Bayesian Correlation is a Distribution: A Bitcoin Example

One of my peer offering managers recently tweeted about a nice tutorial of pulling crypto currency statistics. As a fan of Bitcoin, Etherium, and the other cryptos, I decided to pull the dataset into SPSS Statistics 25 to explore the data myself. In doing so, I used some of the new ...

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