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base period
(redirected from Reference Period)

   Also found in: Financial, Encyclopedia 0.01 sec.
base period
n
(Mathematics & Measurements / Statistics) 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

That period of time for which factors were determined for use in current planning and programming.


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The price weights in Paasche quantity indices reflect prices from a reference period that is identical to the current period as characterized by equation (2).
Each PPI measures price changes from a reference period that equals 100.
Eversheds used a reference period of the 12 months to 31 July 2008 to calculate respective lock-up.
 
 
 
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