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Base year/base date
The year chosen to set an index at 100. Any year can be chosen as a base year, but it is generally desirable to use a fairly recent year; widely used in the compilation of macro-economic data.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: General Finance
- Company: Reuters
- Product:
- Acronym-Abbreviation:
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