Essbase Software Trivia Quiz

Essbase was originally developed to address the scalability issues associated with spreadsheets. Spreadsheets are commonly used for financial analysis and reporting, but they can become slow and inefficient when dealing with large amounts of data. Essbase, a multidimensional database management system, was created to improve the performance and scalability of financial modeling and analysis processes. It allows for faster data retrieval, complex calculations, and better data organization, making it a more efficient solution for handling large datasets compared to traditional spreadsheets.

Dynamic calculation is the correct answer because it is a calculation method in Essbase that calculates a result when a user accesses a value addressed by that member and does not store calculated values. Unlike stored calculations, which pre-calculate and store values, dynamic calculation allows for on-demand calculations, providing more flexibility and efficiency in retrieving data. Calculation scripts and dimension aggregation are other methods used in Essbase, but they do not specifically address the requirement of calculating results when a user accesses a value without storing calculated values.

Calculation scripts are used in Essbase to perform calculations using a procedural programming language specific to the Essbase calculation engine. These scripts allow users to define complex calculations and logic, including mathematical calculations, conditional statements, loops, and data manipulation. Calculation scripts provide a flexible and powerful way to perform calculations in Essbase, making them the correct answer to the question.

Essbase is a name derived from "Extended spreadsheet database" because it is a multidimensional database management system that extends the functionality of spreadsheets. It allows users to analyze and manipulate data from multiple dimensions, providing advanced calculations, data aggregation, and reporting capabilities. The name "Extended spreadsheet database" accurately reflects the enhanced capabilities of Essbase beyond traditional spreadsheets.

Dimension aggregation is the correct answer because it is a method in Essbase where calculations take place implicitly through addition or by selectively tagging branches of the hierarchy to be subtracted, multiplied, divided, or ignored. This allows for the consolidation and summarization of data at different levels within a dimension.

Arbor Software Corporation is the correct answer because it was the original author of Essbase. Essbase is a multidimensional database management system that was first developed by Arbor Software Corporation in the late 1980s. The company later merged with Hyperion Software, which was subsequently acquired by Oracle Corporation. Therefore, Arbor Software Corporation can be credited as the original author of Essbase.

The stable release of Essbase occurred in the year 2016.

In 2005, Hyperion attempted to officially rename Essbase as Hyperion System 9 Bit Analytic Services. This suggests that the company wanted to rebrand and emphasize the analytical capabilities of Essbase within their System 9 suite of products.

E. F. Codd is credited with coining the term "On-line analytical processing (OLAP) in a white paper."

Stored calculations in Essbase use a formula against each calculated dimension member. This method allows users to define calculations that are stored in the database and can be reused. The stored calculations are applied to each member of the dimension during calculation, ensuring consistent and accurate results. This approach is particularly useful when dealing with complex calculations or when multiple calculations need to be performed on the same dimension.