What type of analysis is used to assess year-over-year trends in data?

Year-over-year trends in data are evaluated through horizontal analysis. This method involves comparing financial data over a specified period, typically multiple years, to identify patterns, changes, or trends. By examining the same item across different periods, horizontal analysis allows for a clearer understanding of growth or decline, providing insights into performance over time.

In contrast to vertical analysis, which focuses on the relationship of each item within a single financial statement to a base figure within that statement, horizontal analysis emphasizes changes over time. Break-even analysis is utilized to determine the point at which revenues equal costs, while financial modeling involves creating representations of a company's financial performance. These techniques serve different purposes and are not suited for identifying year-over-year trends in the same way that horizontal analysis does.