0 a rate (= level of interest) decided by the Bank of England that banks use when deciding how much to charge for lending money: --
1 the rate of interest that is set by a central bank, and which is the lowest rate at which it lends money to other banks. This rate affects the interest rates which are then charged to customers by the banks: --
However, such microlevel analyses are not possible when examining a behavior that has a relatively low base rate.
The positive predictive power, or true positive rate of a test, can be calculated from the specificity, sensitivity, and base rate.
Table 3 provides examples of how test performance can vary depending upon the base rate.
The significant subject effect indicates that children vary considerably in their base rate frequency of private speech usage.
Consider, specifically, the base rate studies applied to judgments of one's marital prospects, where the divorce rates are to serve as base rates.
That is, some emphasize the base rate, some emphasize current information, and some appear not to understand the problem.
Note that, in theory, the same could be done for the base rate task.
The table relies on published estimates of the base rate from different settings, to offer clinically relevant standards of comparison.
