It is proposed to describe the temporal characteristics of a wave propagating in a random medium in terms of its temporal moments. The first two moments are related to the mean arrival time and the mean pulse width. It is shown that the one-position two-frequency mutual coherence function enters in the formulation naturally. The form of the expression suggests expanding the mutual coherence function in a narrow-band expansion whose coefficients can be solved exactly from the parabolic equation that takes into account all multiple scattering effects except the backscattering. A brief survey of the literature shows that the irregularity spectrum, under various conditions, has a power-law dependence. In order to conform to this observation a Bessel function spectrum proposed by Shkarofsky is found convenient to use since it not only reduces to the desired power-law form in the proper range of wavenumber space, but also has all the finite moments. Exact expressions for the mean arrival time and mean square pulse width are obtained; some numerical examples are given. Finally, the effect of noise on these moments is discussed.