What Does PLS Stand For?

PLS stands for Partial Least Squares

Partial Least Squares (PLS) is a statistical method used to model relationships between observed variables and latent constructs. It is particularly useful in situations where the predictors are highly collinear or when the number of observations is less than the number of predictors. PLS combines features of principal component analysis and multiple regression, allowing for dimensionality reduction while maximizing the explained variance in the dependent variable. This technique is widely applied in fields such as chemometrics, social sciences, and marketing research for predictive modeling and data analysis.

Other Meanings for PLS