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.
Glossary Term
Glossary Term
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.