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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.
Correlation refers to any of a broad class of statistical relationships involving dependence. Familiar examples of dependent phenomena include the correlation between the physical statures of parents and their offspring, and the correlation between the demand for a product and its price.