Base year

 

 

 

Base year

 

Glossary of business

 

Definition of base year

 

The year that is used as the basis for the calculation of an index number. The base year will usually be set to a value of 100 for an index. e.g. 2000=100. Changes from this base value are then expressed as percentage changes around the base. e.g. a change in an index from 100 to 120 is a 20% change.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of base year

 

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Meaning of base year

 

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What does base year mean ?

 

 

 

 

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