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implication to change YEAR and PERIOD Dimension to Single Time Dimension

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Hi Oracle

Regarding the new feature: Single Time Dimension

Does someone know what are the implications of changing the Year and Period dimension to Single Time in terms of historical data?

Is the data maintained correctly?

Does it need to be consolidated again?

Are the existing reports, also updated automatically?

Or does is this to be enabled only for new customers / applications?

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