Moving average price (MAP),
Definition of Moving average price (MAP):
A succession of averages derived from successive segments (typically of constant size and overlapping) of a series of values.
The price assigned to goods using a moving average in accounting records. Businesses are more likely to use a moving average price when accounting for goods that are readily available and have small fluctuations in cost, which reduces variations on margins. For example, a manufacturing company could assign a moving average price to its raw materials and spare parts for its machinery.
How to use Moving average price (MAP) in a sentence?
- The moving average shows the average value of a stock over time.
Meaning of Moving average price (MAP) & Moving average price (MAP) Definition