Briefly explain how OLAP works

What will be an ideal response?

OLAP, which is tied to server technologies, focuses on events that have happened in the past. To paraphrase a famous philosopher, only by understanding the past can we prepare for the future. The same holds true for businesses as well. Businesses evaluate and analyze the past behavior of their customers, industry competitors, B2B partners, and staff to make strategic decisions. This is where OLAP comes in. Using software tools, OLAP enables businesses to gain insight about outcomes from data patterns. OLAP tools do not predict behavior, but instead try to understand past behavior. By understanding data patterns, businesses can determine how the patterns affect them. OLAP tools help a business to better understand enterprise data prior to the process of data mining.

Business

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According to Herbert Spencer, charity is right only when it raises the character and superiority of the giver.

a. true b. false

Business

Commercial banks are large holders of ________ and are the major issuer of ________

A) negotiable certificates of deposit; U.S. government securities B) U.S. government securities; negotiable certificates of deposit C) commercial paper; Eurodollars D) Eurodollars; commercial paper

Business