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â¢ INDIRECT CORRELATION (noun). The noun INDIRECT CORRELATION has 1 sense: 1. a correlation in which large values of one variable are associated with small values of the other; the correlation coefficient is between 0 and -1. Familiarity information: INDIRECT CORRELATION used as a noun is very rare. Dictionary entry details.
Negative correlation. Indicates that two variables share a relationship to one another which occurs in an opposite direction.' Thus, as one variable increases, the other variable decreases. For example, as the amount of study time increases, failure rate tends to decrease.