Dimensional analysis is a mathematical technique used to establish relationships between physical quantities in fluid phenomena. It involves considering the dimensions of quantities and grouping dimensionless parameters to better understand flows. Dimensional analysis provides guidance for experimental work by indicating important influencing factors. It is applied to develop equations, convert between units, reduce experimental variables, and enable model studies through similitude. The key concepts are that theoretical equations must be dimensionally homogeneous and empirical equations have limited applications. Dimensional analysis methods include Rayleigh's method of exponential relationships and Buckingham's Π-method of grouping variables into dimensionless terms.