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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 measures the closeness (link) of the relationship between two or many variables without knowing the functional relationships. In contrast, regression can show the form of the relationship of one independent variable with one dependent variable. The forms of the intrinsic linear relationship such as polynomial, exponential and logarithmic regression tend to have low correlation.