PLS fits closer than PCR

Abstract
PLS1 regression is generally viewed as lying in between PCR and OLS regression. Proof is given that the coefficient of determination,R2, for a PLS multivariate calibration model is at least as high as that for a PCR model with the same number of components. It appears that PLS can be linked to a correlation‐weighted polynomial regression of a constant response on the eigenvalues of the covariance matrix of the predictor variables.

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