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:

Perpetual Inventory System

An inventory management method where stock levels are updated in real-time with each sale or purchase.

Purchases Discounts

Reductions in price offered by suppliers to buyers as an incentive for early payment of their purchase invoices.

Periodic Inventory System

An inventory valuation method where updates to inventory levels are made periodically, typically at the end of an accounting period, rather than after each sale or purchase.

Purchases Discounts

Reductions in price given by suppliers for early payment of invoices.