From WIKI.
The centralized table in a star schema is called a fact table. A fact table typically has two types of columns: those that contain facts and those that are foreign keys to dimension tables. The primary key of a fact table is usually a composite key that is made up of all of its foreign keys. Fact tables contain the content of the data warehouse and store different types of measures like additive, non additive, and semi additive measures.
In a data warehouse, a dimension is a data element that categorizes each item in a data set into non-overlapping regions. A data warehouse dimension provides the means to "slice and dice" data in a data warehouse. Dimensions provide structured labeling information to otherwise unordered numeric measures. For example, "Customer", "Date", and "Product" are all dimensions that could be applied meaningfully to a sales receipt. A dimensional data element is similar to a categorical variable in statistics.
The primary function of dimensions is threefold: to provide filtering, grouping and labeling. For example, in a data warehouse where each person is categorized as having a gender of male, female or unknown, a user of the data warehouse would then be able to filter or categorize each presentation or report by either filtering based on the gender dimension or displaying results broken out by the gender.
Each dimension in a data warehouse may have one or more hierarchies applied to it. For the "Date" dimension, there are several possible hierarchies: "Day > Month > Year", "Day > Week > Year", "Day > Month > Quarter > Year", etc
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