Base Period
The base period is the point in time used for comparing a change in data over time, such as may be involved in estimating changes to the price level (see CPI) or percent changes in GDP between two periods of time.
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The base period is the point in time used for comparing a change in data over time, such as may be involved in estimating changes to the price level (see CPI) or percent changes in GDP between two periods of time.