Tag: Multivariate

The Genesis and Evolution of PLS Conceived in the late 20th century, PLS was initially developed as a response to the limitations encountered in traditional statistical methods when dealing with highly collinear data or scenarios where the predictors outnumber the observations. The method, throug...

It has become common practice these days for companies and businesses to collect as much information as reasonably possible, even if the use cases of such data are unknown at the time of collection — the hope is to understand and use the data at some point in the future. Once such data sets ar...