Quality prediction models are constructed based on multivariate statistical methods, including ordinary least squares regression (OLSR), principal component regression (PCR), partial least squares regression (PLSR), and modified partial least squares regression (MPLSR). The prediction model constructed by MPLSR achieves superior results, compared with the other three methods from both aspects of fitting efficiency and prediction ability. Based on it, further research is dedicated to selecting key variables to directly predict the product quality with satisfactory performance. The prediction models presented are more efficient than tradition ones and can be useful to support human experts in the evaluation and classification of the product quality. The effectiveness of the quality prediction models is finally illustrated and verified based on the practical data set of the red wine.