Reference_period
Base period
Economic measurement
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.