Question

State the methods of selecting base year? ​

Answer 1

Explanation:

What Is a Base Year?

A base year is the first of a series of years in an economic or financial index. It is typically set to an arbitrary level of 100. New, up-to-date base years are periodically introduced to keep data current in a particular index. Any year can serve as a base year, but analysts typically choose recent years.

Answer 2

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