In order to comprehensively characterize the underlying time-serial behavior in a dataset given from the normal operating condition, a novel modeling algorithm with a goal of constructing parallel latent regressive models (PLRMs) is proposed for dynamic process monitoring. Instead of exploiting the time-serial variation in the given dataset through covariance or correlation, a directly derived latent regressive model (LRM) is considered to understand the time-serial behavior inherited in the extracted latent variable. More importantly, the direct derivation of latent regressive relationship is not restricted to just estimate the current from the past, a more comprehensive regressive modeling strategy on the basis of multiple LRMs in parallel is taken into account, with respect to a straightforward argument that a latent variable could be estimated by its time-serial neighbors including the past and future, within the consecutive sampling time steps. As a consequence, more comprehensive dynamic behavior can be uncovered from the given dataset, and then salient performance achieved by the proposed PLRMs-based dynamic process monitoring approach would be expected, as demonstrated through comparisons with counterparts.