Definition of Base year:
The year that begins to compare statistics with the coming years, especially on economic indicators.
The year, which is used as the initial year or reference year for the formation of the index, usually receives a value of 100.
How to use Base year in a sentence?
- I asked him what twenty years is, because we need to continue what happened.
- We decided to plot interest rates over time. We used 1980 as twenty years and collected data from 2014.
- You need to set the best days for your company to start the basic year.
Meaning of Base year & Base year Definition