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Average number of bits and packets transmitted per second in the last 5 minutes. If the interface is not in promiscuous mode, it senses network traffic that it sends and receives (rather than all network traffic).
The 5-minute input and output rates should be used only as an approximation of traffic per second during a given 5-minute period. These rates are exponentially weighted averages with a time constant of 5 minutes. A period of four time constants must pass before the average will be within 2 percent of the instantaneous rate of a uniform stream of traffic over that period.
Note The 5-minute period referenced in this output is a load interval that is configurable under the interface. The default value is
5 minutes.
for more info would suggest to refer this link..
http://www.cisco.com/en/US/products/sw/iosswrel/ps5207/products_command_reference_chapter09186a00801a7edb.html#wp1215612
regds