Explain a situation that you think is most suited for PLS-based and LARS-based predictive model?
Partial Least Squares (PLS) and LARS-based predictive models can be applied to microbial community DNA to predict soil properties (%Sand, %Silt, %Clay, %Nitrogen, %Organic Carbon, DNA) in environmental soil samples.
Another application
Partial Least Squares (PLS) and LARS-based predictive models can be used to make a model that examines the effects of corporate-level marketing activities on corporate reputation as a mediating construct and, finally, on customer loyalty. PLS multi-group analysis is used to empirically test for differences between stakeholder groups in a sample from mobile communications industry.
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