Often the name modification (or "mod" for short) is used interchangeably with AddOn. More specifically, a mod is a third-party AddOn that alters or enhances some aspect of the game's interface. Mods can perform a wide variety of tasks, including adding new buttons to the screen, altering the built-in player and party frames. In extreme cases, mods completely supplant the standard game's interface, usually offering more advanced functionality.
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It showed what items were on the rise, which ones were stagnant, and which ones were going down. I don't know how accurate it is since I am not familiar with my realms AH yet. I put some things on the AH with the Zygor suggested price and sold about 5k worth of stuff (I had a ton of MoP gems/herbs sitting around). I did use TSM suggestions as well and for the most part they seemed pretty close. But I did do an AH scan with Zygor before posting.