set compatibility mode in Azure Sql Database? Is it possible to set  compatibility mode in Azure Sql Database  to match SQL Server 2014 ?

We have a existing application using SQL Server 2014 - can i just change the connection string to point to a Azure Sql Database with sql 2014 compatability?
I am not disgarding anything of @Shanky, but I would like to say that at presently in Azure SQL Server database version is 12.0.2000.8 . Which is the RTM version of SQL Azure and MAJORVERSION of SQL2014.

I am attaching the screen shot here which I have connected to My Azure SQL Server database through on-premises SSMS 2017.



Here I am writing the TSQL query to check the MajorVersion, ProductLevel, Edition, ProductVersion through the below mention query in on-premises as well as in Azure.

SELECT
  CASE 
     WHEN CONVERT(VARCHAR(128), SERVERPROPERTY ('productversion')) like '8%' THEN 'SQL2000'
     WHEN CONVERT(VARCHAR(128), SERVERPROPERTY ('productversion')) like '9%' THEN 'SQL2005'
     WHEN CONVERT(VARCHAR(128), SERVERPROPERTY ('productversion')) like '10.0%' THEN 'SQL2008'
     WHEN CONVERT(VARCHAR(128), SERVERPROPERTY ('productversion')) like '10.5%' THEN 'SQL2008 R2'
     WHEN CONVERT(VARCHAR(128), SERVERPROPERTY ('productversion')) like '11%' THEN 'SQL2012'
     WHEN CONVERT(VARCHAR(128), SERVERPROPERTY ('productversion')) like '12%' THEN 'SQL2014'
     WHEN CONVERT(VARCHAR(128), SERVERPROPERTY ('productversion')) like '13%' THEN 'SQL2016'     
     WHEN CONVERT(VARCHAR(128), SERVERPROPERTY ('productversion')) like '14%' THEN 'SQL2017' 
     ELSE 'unknown'
  END AS MajorVersion,
  SERVERPROPERTY('ProductLevel') AS ProductLevel,
  SERVERPROPERTY('Edition') AS Edition,
  SERVERPROPERTY('ProductVersion') AS ProductVersion;
  Go


Here I am just attaching the screen shot of Azure SQL database compatibility level , which I have got after execution of this TSQL query in Microsoft Azure portal.

 

Even I have also checked out with New Blank database ( which is created by myself) and also checked with Sample (AdventureWorksLT) (this is the sample database which Microsoft is providing at present in the Azure portal).

With the respect of both database I have got the same version with compatibility.

To determine the current compatibility level of your database, execute the following Transact-SQL statement:

SELECT compatibility_level
FROM   sys.databases
WHERE  [name] = 'Your Database Name';


The alignment of SQL versions to default compatibility levels are as follows:

100: in SQL Server 2008 and Azure SQL Database
110: in SQL Server 2012 and Azure SQL Database
120: in SQL Server 2014 and Azure SQL Database
130: in SQL Server 2016 and Azure SQL Database
140: in SQL Server 2017 and Azure SQL Database


As per Joseph Sack SQL Database Engine Blog documentation here as on dated
July 7, 2017 we are announcing the official public preview of compatibility level 140 in Azure SQL Database.

As per MSDN BOL documentation here On Azure SQL Database Managed Instance, this T-SQL feature has certain behavior changes. See Azure SQL Database Managed Instance T-SQL differences from SQL Server for details for all T-SQL behavior changes.

To change the COMPATIBILITY_LEVEL through TSQL.

ALTER DATABASE database_name   
SET COMPATIBILITY_LEVEL = { 140 | 130 | 120 | 110 | 100 | 90 } 


The database_name is the name of the database to be modified.

COMPATIBILITY_LEVEL { 140 | 130 | 120 | 110 | 100 | 90 | 80 }


Is the version of SQL Server with which the database is to be made compatible. 

The following compatibility level values can be configured:

 Product       Database Engine Version  Compatibility Level Designation Supported Compatibility Level Values
    SQL Server 2017 (14.x)     14             140                     140, 130, 120, 110, 100
    Azure SQL Database         12             130                     140, 130, 120, 110, 100
    SQL Server 2016 (13.x)     13             130                     130, 120, 110, 100
    SQL Server 2014 (12.x)     12             120                     120, 110, 100
    SQL Server 2012 (11.x)     11             110                     110, 100, 90
    SQL Server 2008 R2         10.5           100                     100, 90, 80
    SQL Server 2008            10             100                     100, 90, 80
    SQL Server 2005            9              90                      90, 80
    SQL Server 2000            8              80                      80  


To Change the compatibility level of SQL Azure database in Microsoft Azure Portal.

ALTER DATABASE CompabilityTestDB   
SET COMPATIBILITY_LEVEL = 140;
Go


I am also attaching the screen shot.


After changing to check the compatibility level of Azure SQL database in Azure Portal.

SELECT compatibility_level
FROM   [sys].[databases]
WHERE  [name] = 'CompabilityTestDB';


After changed the compatibility level of Azure SQL database in portal I am also attaching the screen shot here.




  Very Important Note: As of January 2018, in Azure SQL Database, the default compatibility level is 140 for newly created databases. We do not
  update database compatibility level for existing databases. This is up
  to customers to do at their own discretion. With that said, we highly
  recommend customers plan on moving to the latest compatibility level
  in order to leverage the latest improvements.
  
  If you want to leverage database compatibility level 140 for your
  database overall, but you have reason to prefer the cardinality
  estimation model of SQL Server 2012 (11.x), mapping to database
  compatibility level 110, see ALTER DATABASE SCOPED CONFIGURATION
  (Transact-SQL), and in particular its keyword
  LEGACY_CARDINALITY_ESTIMATION = ON.
  
  For details about how to assess the performance differences of your
  most important queries, between two compatibility levels on Azure SQL
  Database, see Improved Query Performance with Compatibility Level 130 in Azure SQL Database.
  Note that this article refers to compatibility
  level 130 and SQL Server, but the same methodology applies for moves
  to 140 for SQL Server and Azure SQL Database.


For further you ref here , here, here and Default compatibility level 140 for Azure SQL databases