Usually means: Most frequently occurring data value.
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We found 8 dictionaries that define the word modal value:

General (7 matching dictionaries)
  1. modal value: Merriam-Webster
  2. modal value: Vocabulary.com
  3. modal value: Dictionary.com
  4. modal value: Rhymezone
  5. modal value: FreeDictionary.org
  6. modal value: Mnemonic Dictionary
  7. modal value: TheFreeDictionary.com

Computing (1 matching dictionary)
  1. modal value: Encyclopedia

Definitions from WordNet (modal value)

noun:  the most frequent value of a random variable


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