Definition: Monthly average

OECD - Data and Metadata Reporting

By analogy with annual averages and moving averages generally this term ought to refer to the average values of a time series occurring within a month, the resulting figure being representative of that particular month.
Source:
Marriott, F.H.C., 1990, A Dictionary of Statistical Terms, 5th ed., Longman Scientific and Technical, Burnt Mill, Harlow, Essex, England, for the International Statistical Institute [quoted in Organisation for Economic Co-operation and Development (OECD), "Data and Metadata Reporting and Presentation Handbook", OECD, Paris, 2007]
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