A method of predicting a blood compound concentration of a target may include receiving, by a system, spectral data associated with a region of the target, using near-infrared (NIR) spectroscopy. The method may include classifying, by the system, each of the plurality of data instances of the spectral data to one of a plurality of labelled classes. The method may include obtaining, by the system, one or more best fit models from a plurality of prediction models based on the classification. The method may include determining, by the system, blood compound concentration values corresponding to each of the one or more best fit models. The method may include predicting, by the system, the blood compound concentration of the target using the blood compound concentration values predicted using the best fit models.