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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. n. 1. a mutual or reciprocal relationship between two or more things. 2. the act or process of correlating or the state of being correlated. 3. (Statistics) statistics the extent of correspondence between the ordering of two variables. Correlation is positive or direct when two variables move in the same direction and negative or inverse when they move in opposite directions.