Multivariate Statistical Model versus Catastrophe Theory Fulvio Polo, Italy, Member The subject was an important and very strong argument in the seventies.
It is a good theory, but just limited by the number of variables (axes hyperspace).
After came the Chaos Theory, and took over.
Today I think that the application of multivariate statistical model is more useful than both (Catastrophe theory and Chaos theory), in a managing practice.
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