base year

Popular Terms
Year used as the beginning or the reference year for constructing an index, and which is usually assigned an arbitrary value of 100.

Use 'base year' in a Sentence

We decided to create a graph of Interest rates over time. We used 1980 as the Base Year, and collected data all the way through 2014.
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I asked him what the base year was, because we would need that to keep track of everything that went on.
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You need to decide what will be the best day for your company to consider as the start of your base year.
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