“…Bartlett (1950) has developed his famous test for the statistical signifi cance of a correlation matrix, that is, the test of equivalency of all population's roots. Furthermore, Lužar (1983Lužar ( , 1984 claims that signifi cance tests generate too large number of components, therefore, a large number of criteria is developed, based upon non-statistical foundations and motivated by various logic reasoning. Based on the simulated experiment, the authoress suggests it is sensible to use only three criteria: GK (Guttman, & Kaiser, 1956), PB (Štalec, & Momirović, 1971) and CH (Momirović, & Zakrajšek, 1972).…”