A multidimensional model provides a logical view of an enterprise by showing the main entities and relationships between them without being tied to physical database tables. It includes dimensions with hierarchies, attributes, and facts along with their relationships. An example model shows dimensions for time and geography with attributes like year, quarter, and country. Facts represent measurable data that can be aggregated, and attributes are additional data items used for qualifying or summarizing reports. Relationships between attributes can be one-to-one, one-to-many, many-to-many, or many-to-one. Hierarchies allow ordering dimensions like time periods.