Leaf water content (LWC) is very important in the growth of vegetation. LWC and leaf spectra change when the leaves are under pest stress; exploring the change mechanism between LWC, leaf spectra, and pest stress can lay the foundation for pest detection. In this study, we measured the LWC and leaf spectra of moso bamboo leaves under different damage levels, used the Pearson–Lasso method to screen the features, and established a multiple linear regression (MLR) and random forest regression (RFR) model to estimate the LWC. We analyzed the relationship between LWC and spectral features of moso bamboo leaves under Pantana phyllostachysae Chao (PPC) stress and their changes. The results showed that: (1) the LWC showed a decreasing trend as the pest level increased. (2) The spectra changed substantially when the leaves were under pest stress. (3) The number and significance of response features associated with the LWC were diverse under different damage levels. (4) The estimation of LWC under different damage levels differed significantly. LWC, leaf spectra, response features, and the model estimation effect were diverse under different damage levels. The correlation between LWC and features was higher for healthy leaves than for damaged and off-year leaves. The two models were more effective in estimating the LWC of healthy leaves but less effective for damaged and off-year leaves. This study provides theoretical support for the prediction of PPC stress and lays the foundation for remote sensing monitoring.
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