Hello, you have come here looking for the meaning of the word
base year. In DICTIOUS you will not only get to know all the dictionary meanings for the word
base year, but we will also tell you about its etymology, its characteristics and you will know how to say
base year in singular and plural. Everything you need to know about the word
base year you have here. The definition of the word
base year will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
base year, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
base year (plural base years)
- (statistics, economics) 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.
Translations
year chosen for comparison