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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.
1. direct correlation-a correlation in which large values of one variable are associated with large values of the other and small with small; the correlation coefficient is between 0 and +1.