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A dimension hierarchy is a logical structure that uses ordered levels or a set of data values (for a value-based hierarchy) as a means of organizing data. A hierarchy describes parent-child relationships among a set of levels. A level-based hierarchy must have at least one level. A level can be part of more than one hierarchy.
For example, the Time dimension can have the following two hierarchies:
Fiscal Hierarchy: Fiscal Year > Fiscal Quarter > Fiscal Month > Fiscal Week > Day
Calendar Hierarchy: Calendar Year > Calendar Quarter > Calendar Month > Day
All hierarchies must be strict 1:n relationships. One record in a parent level corresponds to multiple records in a child level. But one record in a child level corresponds to only one parent record within a hierarchy.