Does linearization interfere with analysis of chaotic behavior?

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If one has a nonlinear 3+ system of differential equations, then it is linearized, is the linearization capable of accurately portraying the chaotic behavior in some manner?

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No, the solutions to linear (ordinary) differential equation systems are known. They are not chaotic (also see this question on Physics SE). Non-linearity is a precondition for chaos in a finite dimensional system.