Base Value

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Base Value

An often arbitrary figure used as the initial value of an index. All future values of the index are comparisons against the base value. For example, suppose an index is formed in 2001 and its base value is 100. If the index is 150 in 2009, it means that its value is 50% higher in 2009 than it was in 2001. It is also called the index number. See also: Base Year.
References in periodicals archive ?
The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 135.
Candidates, guardians and schools were asked to send index numbers to short code 22252 to receive their results at Sh25 per SMS.
The chairman said last year, he wrote index numbers for more than 20,000 candidates but this was not the case this year.
the lgrmif, created in 1989, is derived from fees collected by county clerks and the new york city register for the recording of selected documents and for the assignment by county clerks of index numbers for certain court cases.
According to the Computation of Quantum Index Numbers of Large Scale Manufacturing Industries, about 53,564 tractors were manufactured during the period from July-June, 2016-17 as compared 34,914 tractors manufactured during same period of last year.
A lack of pricing power continues to plague the retail industry," Kleinhenz said, noting that Consumer Price Index numbers released in May showed prices reversing course in March.
According the computation of Quantum Index Numbers of large scale manufacturing industries released by the Pakistan Bureau of Statistics for February, 2017, some 5,515 tractors were manufactured as compared the 3,124 tractors during the same month last year.
Given the specification of production function, researchers use different methods of index numbers to estimate TFP with this approach.
The public regularly encounters such index numbers as the Consumer Price Index, Gross Domestic Product, and Retail Sales Index.
Market analysts said the truncated weekly trade was impacted by better-than-expected wholesale price index numbers.
The CDSI has attributed that to the increase experienced by six of the main sections constituting the index for the cost of living in their index numbers where the section of restaurants and hotels came first by (1.
of month on month and year on year inflation in Pakistan based on data for the period of July 2001 to June 2010 using the stochastic approach as well as extended stochastic approach to index numbers.