Base year

BASE YEAR - Actual taxes and operating expenses for a specified year, most often the year in which a le...
BASE-TENDING - protecting one's assets ...

Base Year
The reference year when constructing a price index. By tradition it is given the value 100.
Fiscal Policy ...

base year A year or period that is used for comparison in financial statements analysis.
beginning inventory The merchandise a business has on hand at the beginning of a fiscal period.

Base year The year that is chosen as the point of reference for comparison of prices in other years.

Base Year
The tax year prior to the academic year (award year) for which financial aid is requested. The base year runs from January 1 of the junior year in high school through December 31 of the senior year.

Base Year
Definition of base year: the starting point for the construction of an index number series.

Base year - The year which is chosen as the point of reference for comparison.

Base Year
The first of a series of years in an economic or financial index. A base year is normally set to an arbitrary level of 100. Any year can be chosen as a base year, but typically recent years are chosen.

dollars of a base year, used as a gauge in adjusting the dollars of other years in order to ascertain actual purchasing power.

Dollars of a base year used as a general measure of purchasing power.
Constant-growth model ...

Base year
The year used as the basis for comparison by a price index such as the CPI. The index for any year is the average of prices for that year compared to the base year; e.g., 110 means that prices are 10% higher than in the base year.

Index Statistical composite that measures changes in the economy or in financial markets, often expressed in percentage changes from a base year or from the previous month.

A CPI can utilize either a base year or a chained system. Using a base year system, the CPI takes a breakdown of spending areas from a specific year and weights each accordingly for subsequent years.

A statistical model expressed in terms of percentages of a base year or years that serves as a reference in judging investment performance.

From its base year of 1980 (when the KOSPI equaled 100), the KOSPI had risen to about 1350 near the end of 2005.

Definition: Numbers expressed in terms of a base year value of 100. For instance a value of 105 means the variable measured by the index has risen by 5% compared with the base year. Each of the variables can be weighted to reflect its importance.

The base year is the financial year 1978-79. In the event of an increase in the number of shares outstanding owing to a RIGHTS ISSUE, conversion, etc., proportional adjustments are made to the weights and base year average market capitalization.

An economic indicator that uses the prices from some base year. This approach controls for fluctuating market prices so that other economic changes can be seen more clearly.

Constant dollar GDP is a measure using the prices of a base year. Changes in constant dollar GDP capture changes only in actual or real production. Statistics Canada currently uses 1986 as its base year. Our real GDP (real output) for 1996 was $617.

INDEX " (1) A statistical yardstick expressed in terms of percentages of a base year or years. For instance, the Federal Reserve Board's index of industrial production is based on 1967 as 100. An index is not an average.

In an economic index such as the Consumer Price Index, this is often expressed as a percentage change from a base year or the previous month.

The earliest year presented is designated as the base year and the subsequent years are expressed as a percentage of the base year amounts.

" Changes are compared to prices in a previously selected base year, from which figures the percentage increase or decrease in the cost of living can be calculated.

It is usually expressed as a percentage change from a base year or from the previous month. An example of an economy index is the Consumer Price Index .

A price index is used to determine the difference between the purchasing power of a dollar in a base year and the purchasing power now.

A statistical measure for a market or class of investments that is designed to show changes from a base year. For instance, the NYSE Composite Index of all NYSE common stocks was computed so that the base year of 1965 was equal to 50.

Growth in sales
A ratio comparing sales levels to sales in a base year; it identifies the percentage of increase in volume.
Wholesale mortgage banking
The purchasing of loans originated by others, with the servicing rights released to the purchaser.

Constant Dollar: Dollars from a base year that are used to adjust the dollars of other years in order to ascertain purchasing power. The goal is to remove the effects of inflation and other forms of price escalation.

One measures the change in a weighted average of consumer prices, with the base year expenditure weights, for a typical urban family, the socalled CPI-U.

The process of dividing each expense item of a given year by the same expense item in the base year. It allows assessment of changes in the relative importance of expense items over time and the behavior of expense items as sales change.

In real estate leases tenants are often responsible for operating expenses of the building over a certain dollar amount, the base or stop. The base may be expressed in dollars per square foot, total dollars, or as a base year (in which case the base ...

The value of final goods and services at prices prevailing in a base year. This removes the discretionary effects of inflation.
Real Rate of Return: ...

Index A yardstick to measure change from a base year.
Index Funds Mutual funds whose objective is to replicate the performance of an index. The most popular equity index is the S&P 500.

If you are engaged in a farming business, you may be able to average all or some of your current year's farm income by shifting it to the 3 prior years (base years).

The key is that real gross domestic product is measured in constant prices, the prices for a specific base year. Real gross domestic product, also termed constant gross domestic product, adjusts gross domestic product for inflation.

Ordinary Interest - Simple interest based on a year of 360 days, contrasting with exact interest having a base year of 365 days.

Sensex, the 30-stock index of the Bombay Stock Exchange, was introduced in 1986 constituting stocks of large and established companies from different sectors. The base year for the index was 1978 -79.

A recalculation of the nominal figure for gross domestic product to remove the effects of inflation. The value of the components of GDP are recalculated at constant prices from the previous year or from some fixed base year.

consumer price index (CPI) a price index equal to the current price of a fixed market basket of consumer goods and services in a base year. (20) ...

Constant dollars
Dollars of a base year used as a general measure of purchasing power.

of time that is used as a measurement yardstick for economic data. A base period may be a month, year or average of years. For example, the US inflation rate is determined by measuring the current Consumer Price Index against those of its base year, ...

Horizontal analysis The process of dividing each expense item of a given year by the same expense item in the base year.

constant dollars The expression of units of currency in terms of a designated base year value.... constant ratio plan An investment strategy in which the portfolio's composition by asset class is...

See also: Expense, Values, Banks, Saving, Internal rate of return