Near-infrared (NIR) spectrometry will present a more promising tool for quantitative measurement if the robustness and predictive ability of the partial least square (PLS) model are improved. In order to achieve the purpose, we present a new algorithm for simultaneous wavelength selection and outlier detection; at the same time, the problems of background and noise in multivariate calibration are also solved. The strategy is a combination of continuous wavelet transform (CWT) and modified iterative predictors and objects weighting PLS (mIPOW-PLS). CWT is performed as a pretreatment tool for eliminating background and noise synchronously; then, mIPOW-PLS is proposed to remove both the useless wavelengths and the multiple outliers in CWT domain. After pretreatment with CWT-mIPOW-PLS, a PLS model is built finally for prediction. The results indicate that the combination of CWT and mIPOW-PLS produces robust and parsimonious regression models with very few wavelengths.