The base period is a year
A)From which the latest data is available.
B)From which data were first collected.
C)Used for comparing the data for other years.
D)In which a series of data reaches an extreme (high or low)point.

Question

Quizplus · Accepted Answer

The base period in the context of data analysis and statistics is a specific time period used as a reference point for comparing data from other years. This allows for the assessment of growth, decline, or other changes over time relative to the base period.

The Base Period Is a Year