Question

What is base year ?
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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.

Explanation:

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Answer 2

Answer:

In economics, a base period or reference period is a point in time used as a reference point for comparison with other periods. It is generally used as a benchmark for measuring financial or economic data.

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