Correlation functions (in your case auto-correlation function) means the following:
You take an initial field $e(t)$ in your case at a single point in space $x$. As a result of the surrounding medium (polarization etc.) of its vicinity, after a time $\tau$, it will be $e(t+\tau)$. $e(t+\tau)$ is of course related to $e(t)$ via the time evolution of the immediate local surroundings. So $e(t)e(t+\tau)$ will be $e(t)e(t)[1+r\tau +O(\tau^2)+...]$ where $r$ is a linear response etc. and you get $e(t)^2[1+r\tau+O(\tau^2)+...]$
If you now do the same at a second, different spatial point (you can also do this with different times due to the ergodic hypothesis), you will also get a similar expression. However, the coefficients, e.g. $r$ for linear response, will be different, because it sees a different local environment which affects $e(t+\tau)$; in some cases $e(t+\tau)$ will increase and in some it will decrease. When you average over many such points in space for $\tau \rightarrow \inf$, $e(t+\tau)$ will be sometimes large and sometimes smaller than $e(t)$ and as a result the average (if you use $e(t)-e(t_0)$) will vanish. How fast will it vanish depends on the medium; hence the correlation function measures how fast memory is lost;
A particularly clear picture on a different setting is to be found in
S.Alexiou, Overview of Plasma Line Broadening, High Energy Density Physics
Volume 5, Issue 4, December 2009, Pages 225–233;
It has a nice picture of what happens with time evolution although it discusses atomic dipole-dipole correlation functions.
But to answer your question, correlation functions measure how fast initial memory is lost as a result of interactions with a random medium.