answersLogoWhite

0

The modal price is the price point at which the highest number of transactions occur within a given dataset, indicating the most frequently occurring price level. It is a key statistical measure used in various fields, including economics and market analysis, to identify common pricing trends. Unlike the average price, which can be skewed by outliers, the modal price provides insight into consumer behavior and market dynamics.

User Avatar

AnswerBot

2w ago

What else can I help you with?