Base period
a period of time used as a standard of comparison in measuring changes in prices, taxes, income, etc., at other periods of time.
historical examples
what was the percentage change in the value of money from the base period to 1912?
manual of references and exercises in economics frank a. fetter
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
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- Base price
a price quoted as a base without including additional charges. a price used as a basis for computing freight charges at a basing point, as for steel. contemporary examples the base price for that four-door machine: $57,400, which is roughly the price of a bmw 535. a123 goes chapter 11 robert bryce october 18, 2012
- Base rate
the rate of pay per unit of time, as by the hour, or per piece, or for work performed at an established standard rate. contemporary examples the bush tax cuts expire in the plan, and the buffet rule would tax millionaires a base rate of 30 percent. obama’s 2013 budget: perfectly reasonable, absolutely terrible daniel […]
- Base rate fallacy
noun (statistics) the tendency, when making judgments of the probability with which an event will occur, to ignore the base rate and to concentrate on other information
- Base runner
a player of the team at bat who is on base or is trying to run from one base to another. historical examples after making his first base, and thereby becoming a “base runner,” he is liable to be put out as follows. every boy’s book: a complete encyclopdia of sports and amus-m-nts various but […]
- Base station
a unit functioning as a transmitter and receiver of broadcasting or other signals, as in connection with a cb radio or mobile phone. contemporary examples fitbark, available for preorder ($69 for one device, $109 for one device and a base station), is more of a community device. fitness gadgets … for your dog megan humphreys […]