We have investigated correlation patterns generated by a frequency-comb laser in a dispersive unbalanced Michelson interferometer and apply the developed formalism to the case of distance metrology. Due to group velocity dispersion, the position of the brightest fringe of the correlation pattern, which is used for distance determination, cannot be derived by simply using the definition of group refractive index of the dispersive medium. It is shown that the discrete spectrum of the optical frequency comb gives rise to correlation functions which can be represented by a series, namely a discrete correlation series. We have developed a general formalism, valid for any pulse train, extending the discrete model to a continuous model of cross-co...