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Base year

Noun
Word Frequency: 0.9

Definitions

1.Nouna 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.

Synonyms

base ratebasisprice indexinstalled baseindexationyear's purchaseprice levelunit of accountconsumer price indexyear to datebenchmarkingconsumer base
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