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 132.80 points during July-May (2015-16) against 128.37 points during same period of last year, according to the data of Pakistan Bureau of Statistics (PBS).
The Quantum Index Numbers (QIN) of LSM stood at 117.25 points during July-June (2012-13) against 112.41 points during July-June (2011-12).
The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 133.51 points during July-April (2015-16) against 150.257 points during same period of last year, according to latest data of Pakistan Bureau of Statistics (PBS).
The Quantum Index Numbers (QIN) of LSM stood at 117.55 points during July-May (2012-13) against 112.85 points during July-May (2011-12).
The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 133.88 points during July-March (2015-16) against 127.87 points during same period of last year, according the data of Pakistan Bureau of Statistics (PBS).
The Quantum Index Numbers (QIN) of LSM stood at 117.94 points during July-March (2012-13) against 113.12 points during July-March (2011-12).
The Quantum Index Numbers (QIN) of LSM stood at 118.97 points during July-August 2015-16 against 114.28 points during July-August 1014-15.
The Provisional Quantum Index Numbers of Large Scale Manufacturing Industries (QIM) has been computed in PBS on the basis of latest production data of 112 items received from sources, including OCAC, Ministry of Industries and Production and BOS.OCAC supplied the data of 11 items, Ministry of Industries and Production supplied the data of 36 items and Provincial Bureaus of Statistics provided data for 65 items.