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Economic measurement From Wikipedia, the free encyclopedia
In economics, a base period or reference period is a point in time used as a reference point for comparison with other periods.[1][2] It is generally used as a benchmark for measuring financial or economic data.[3] Base periods typically provide a point of reference for economic studies, consumer demand, and unemployment benefit claims.
This article may be too technical for most readers to understand. (March 2021) |
In public transport scheduling, the base period is the period of reduced service on weekdays that generally exists between the morning and afternoon rush hours.
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