From a product development perspective, making decisions through data helps to identify ___________?Financial trendsMarket trendsEconomical trends

From a product development perspective, making decisions through data helps to identify market trends.

Market trends refer to the general direction in which a market is moving and include various factors such as consumer preferences, buying behaviors, and other external influences that affect demand for products and services. Data-driven decision-making enables businesses to analyze past and current market performances, recognize patterns, and anticipate future shifts in consumer behavior. By understanding these trends, organizations can innovate or modify their products effectively to meet the evolving needs of the market, thereby gaining a competitive edge. Additionally, data analysis can uncover customer segments to target more effectively, guiding marketing strategies, product features, and pricing models to align closely with market demands.