base year

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base year

[′bās ‚yir]
(statistics)
References in periodicals archive ?
So, the biggest problem is that GDP base years are out of date, and African statisticians know they are out of date, leading to wildly varying estimates of the real value of the economy.
The base year tells economists what the size and the structure of the economy was at a given moment, and the new data for the latest year are compared to the previous year, and on back to the base year to give figures for GDP growth (or GDP shrinkage, if you are unlucky enough to be in recession).
In some economies where statistical offices are well-funded and the data are usually up to date, the base year is continually updated and may be no more than a year or two before the present.
NCSI will pubA[degrees]lish December 2013 indicators based on the two base years (2000A[degrees]2012) in the monthly publication which will be issued in January 2014
Accordingly, 2012 will now become the base year for all statistical comparisons going forwards, whereas the year 2000 was the previously approved base year.
Stops and Base Years invariably have verbiage identifying those charges which are to be excluded from consideration as permitted operating expenses.
B) A Base Year sets the landlord's obligation as the sum of the expenses incurred and allocable to a designated calendar or fiscal year.
As shown in Table 1A, when base years close to the dates of the recessions are used to evaluate the data, in terms of GNP decline, at 1.
7) GNP changes expressed in base years close to the recessions and in 1987 prices and weights are shown in Figure 1.
The action by the comptroller general clears the company to continue execution on the five-year, performance-based contract that contains two base years valued at approximately $50 million and three one-year options valued at approximately $30 million.
861-10(e)(3)(iv)) for the year, the relevant debt-to-asset ratio for any base period year may not exceed 110 percent of the relevant base period ratio for that base year.