Question

What do you mean by base year?​

Answer 1

Answer:

In a financial index, a base year is the first of a series of years. It is, generally, set at an arbitrary amount of 100. The new and up-to-date base years are regularly added to keep data current to a database. Any year can be a base year, but analysts typically choose recent years.

Answer 2

Answer:

base year means previous year