What is a '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.
BREAKING DOWN '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

Median
The middle number in a sorted list of numbers. To determine the ... 
Descriptive Statistics
A set of brief descriptive coefficients that summarizes a given ... 
Absolute Frequency
A statistical term describing the total number of trials or observations ... 
Adjustment Frequency
The frequency at which interest rate changes or resets on an ... 
Asymmetrical Distribution
A situation in which the values of variables occur at irregular ... 
Frequency Distribution
A representation, either in a graphical or tabular format, which ...

Personal Finance
Bank Lingo: Routing Number Vs. Account Number
Each consumer bank account has its own personal ID. And so does the bank. How do these numbers function and how do they protect the account holder? 
Trading
Strategies For Forex Algorithmic Trading
Algorithmic trading strategies, such as auto hedging, statistical analysis, algorithmic execution, direct market access and high frequency trading, can expose price inconsistencies, which pose ... 
Investing
Tesla Ludicrous: Is It Worth the Price?
Learn more about the new Ludicrous Mode performance upgrade available for the Tesla Model S, and find out how affordable it will be for Tesla buyers. 
Trading
Trading Multiple Time Frames In FX
This is often the first  and most costly  level of analysis to be overlooked. 
Small Business
Small Business Sentiment Falls to TwoYear Low
The small business sector is "doing little more than operating in maintenance mode," the NFIB said Tuesday. 
Small Business
What's an Average Collection Period?
Average collection period is an accounting term referring to the average number of days between a sale made on credit, and receipt of the payment. Businesses monitor this number to make sure ... 
Investing
Scenario Analysis Provides Glimpse Of Portfolio Potential
This statistical method estimates how far a stock might fall in a worstcase scenario. 
Investing
What is Descriptive Statistics?
Descriptive statistics is the term applied to meaningful data analysis. 
Personal Finance
9 Different Ways To Find A New Job
Today, finding employment takes strategies that the average job seeker didnâ€™t need to consider a generation ago. 
Insurance
Behind the Law of Large Numbers in the Insurance Industry
Discover how the law of large numbers helps insurance companies cope with risk, and why the theory does not always live up to reality.

In economics, what is an index number?
Read about the role of an index number in economics and how index numbers can be applied to all kinds of data, such as inflation ... Read Answer >> 
What is highfrequency trading?
High frequency trading is an automated trading platform used by large investment banks, hedge funds and institutional investors ... Read Answer >> 
What is Fibonacci retracement, and where do the ratios that are used come from?
Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician ... Read Answer >> 
Why is Average Collection Period important to a company?
Discover why the average collection period can be a particularly important accounting ratio for a company that relies heavily ... Read Answer >> 
How can I use market breadth to my advantage?
Market breadth is a study that compares the number of companies on a given exchange that have created new 52week highs to ... Read Answer >> 
In which industries is Average Collection Period most important?
Find out which industries are most concerned with average collection period, and how different types of companies interact ... Read Answer >>