The Lorenz Attractor is a mathematical model that describes chaotic behavior in certain dynamic systems. It was developed by Edward Lorenz in the 1960s while studying weather patterns. The model consists of a set of differential equations that produce a complex, butterfly-shaped structure when visualized in three-dimensional space. This attractor illustrates how small changes in initial conditions can lead to vastly different outcomes, a concept often referred to as the butterfly effect. The Lorenz Attractor is significant in chaos theory and has applications in various fields, including meteorology, engineering, and even economics.