base period
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noun
a period of time used as a standard of comparison in measuring changes in prices, taxes, income, etc., at other periods of time.
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Words nearby base period
base pair, base-pairing, base-pairing rules, base path, base pay, base period, baseplate, base price, base rate, base rate fallacy, base runner
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British Dictionary definitions for base period
base period
noun
statistics a neutral period used as a standard for comparison in constructing an index to express a variable factor: 100 is usually taken as the index number for the variable in the base period
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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