DEFINITION of 'Mode'
A statistical term that refers to the most frequently occurring number found in a set of numbers. The mode is found by collecting and organizing the data in order to count the frequency of each result. The result with the highest occurrences is the mode of the set.
Other related terms include the mean, or the average of a set; and the median, or the middle value in a set.
INVESTOPEDIA EXPLAINS 'Mode'
For example, in the following list of numbers, 16 is the mode since it appears more times than any other number in the set:
3, 3, 6, 9, 16, 16, 16, 27, 27, 37, 48
A set of numbers can have more than one mode (this is known as bimodal) if there are multiple numbers that occur with equal frequency, and more times than the others in the set.
3, 3, 3, 9, 16, 16, 16, 27, 37, 48
In this example, both the number 3 and the number 16 are modes. If no number in a set of numbers occurs more than once, that set has no mode:
3, 6, 9, 16, 27, 37, 48

Arithmetic Mean
A mathematical representation of the typical value of a series ... 
Harmonic Average
The mean of a set of positive variables. Calculated by dividing ... 
Mean
The simple mathematical average of a set of two or more numbers. ... 
Distribution
1. When trading volume is higher than that of the previous day ... 
Skewness
Describe asymmetry from the normal distribution in a set of statistical ... 
Standard Deviation
1. A measure of the dispersion of a set of data from its mean. ...

Home & Auto
Insure Your Future With A Career As ...

Fundamental Analysis
Taking Shots At CAPM

Options & Futures
Breaking Down The Binomial Model To ...

Investing Basics
Economic Indicators That DoItYourself ...