With the NBA playoffs underway, heated discussions abound about
who will take the title. One thing that the basketball community
can agree on however is that reigning MVP Steph Curry is having a
once-in-a-lifetime season. But how does this relate to forensic
accounting? Allow me to elaborate.
This season Steph Curry and his team, the Golden State Warriors,
set a new record for regular season wins, beating the Chicago Bulls
whose 1995-96 season record was thought to be unbreakable. On top
of that, Steph Curry sunk 402 3-pointers, smashing his previous
season-record of 286. It's almost off the chart!
This feat by Steph Curry, is known in statistics as an
"outlier". An outlier is a value that is much larger or
smaller than other values in a data set. Outliers provide important
information in the world of forensic accounting. Some examples
include:
