Ultrawideband (UWB) technology has attracted a lot of attention for indoor and outdoor positioning systems due to its high accuracy and robustness in non-line-of-sight (NLOS) environments. However, UWB signals are affected by multipath propagation which causes errors in localization. To overcome this problem, researchers have proposed various techniques for NLOS identification and mitigation. One of the approaches is statistical LOS/NLOS classification, which uses statistical parameters of the received signal to distinguish between LOS and NLOS channels. In this paper, we formulated several techniques which can be used for effectively classifying a Line of Sight (LOS) channel from a Non-Line of Sight (NLOS) channel. Various parameters obtained from Channel Impulse Response (CIR) like Skewness, Kurtosis, Root Mean Squared Delay Spread (RDS), Mean Excess Delay (MED), Energy, Energy Ratio, and Mean of Covariance Matrix are used for channel classification. In addition to this, the Joint Probability Density Functions (PDFs) of various parameters are used to improve the accuracy of UWB LOS/NLOS channel classification. Two different criteria-Likelihood Ratio and Hypothesis Tests are used for the identification of the channel.