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English to Arabic translations [PRO] Bus/Financial - Finance (general) / Banking
English term or phrase:base effect
When analysing business cycles, the evolution of annual variation rates of a variable are often explained by "base effects". A base effect occurs when the evolution of a variable’s annual rate from month t to month t+1 varies because of the evolution of the variable’s level 12 months before and not because of the variation of the variable’s level between month t and month t+1. http://www.bcl.lu/en/support/glossary/