What is a rolling average?
The Revenue and Tickets insights are based on a rolling 7-day average. Sometimes called a moving average, this technique smooths out short-term fluctuations and highlights longer-term trends or cycles.
In the calculation of the benchmark and presentation of each organisation's data, we add together the previous 7-days worth of data (rev or tix) and divide by 7, giving us an average figure.
Days | Tix Sold | Rolling average |
---|---|---|
Day 1 | 100 | |
Day 2 | 50 | |
Day 3 | 10 | |
Day 4 | 200 | |
Day 5 | 20 | |
Day 6 | 80 | |
Day 7 | 150 | |
Day 8 |
70 | 87.1 = sum of days 1 to 7 / 7 |
Day 9 |
10 | 82.9 = sum of days 2 to 8 / 7 |
Day 10 |
20 | 77.1 |
Day 11 |
60 | 78.6 |
Day 12 |
5 | 58.6 |
Day 13 |
100 | 56.4 |
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