Explain the Term Detailed And/or Summarized Data in the Following

question 14

Essay

Explain the term detailed and/or summarized data in the following data warehouse definition,and elaborate on the reasons for storing detailed and aggregated data in the data warehouse:
The data warehouse is a structured repository of integrated,subject-oriented,enterprise-wide,historical,and time-variant data.The purpose of the data warehouse is the retrieval of analytical information.A data warehouse can store detailed and/or summarized data.

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Definitions:

Discount Rate

The rate at which the central bank lends money to commercial banks and other financial institutions through its discount window.

Fiscal Expenditure

Government spending, including spending on goods and services, welfare, and public works, financed through taxation or borrowing.

Taxes

Taxes are compulsory financial charges or levies imposed by a government on individuals or entities to finance government spending and various public expenditures.

Aggregate Demand-Aggregate Supply Model

A macroeconomic model that explains price level and output through the relationship between aggregate demand and aggregate supply.