base year
English
Noun
base year (plural base years)
- a year chosen for comparison with other years, in statistical analysis and various indices, such as a price index. It usually has an arbitrary value of 100 to make percentage comparisons easier. A new base year can be chosen as the years progress.
This article is issued from
Wiktionary.
The text is licensed under Creative
Commons - Attribution - Sharealike.
Additional terms may apply for the media files.