Definition: Accession Rate refers to the pace at which new members or entities join a particular group, organization, or system over a specified period. This term is commonly used in various contexts, such as membership growth in associations, subscribers in online platforms, or the addition of new data points in a database. The Accession Rate is a crucial metric for assessing the expansion and popularity of a given entity.
Accession Rate is typically calculated by dividing the number of new additions or accessions during a specific time frame by the total number of existing members or entities. The result is often expressed as a percentage, providing a clear indicator of the growth rate. The formula for Accession Rate is:
Accession Rate = (Number of New Additions/Total Number of Existing Members)×100
This measurement helps organizations and systems track their development and make informed decisions based on the trends in membership or data acquisition.
Ready to discover smooth and seamless product
Start 14 Day Trial Now