Explain the Multidimensional Nature of Data Warehouses (And Data Marts)and

question 31

Essay

Explain the multidimensional nature of data warehouses (and data marts)and the business value gained from multidimensional analysis.

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Definitions:

First-In, First-Out Method

An inventory valuation method where the items produced or purchased first are sold or used first.

Conversion Costs

The sum of labor and overhead costs necessary to convert raw materials into finished goods.

Direct Materials

Raw materials that are consumed in the manufacturing process and are directly incorporated into the finished product.

Weighted-Average Method

An inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold.