GLM is locally quite smooth at most points in time, but has large precipitous jumps at certain time points because the yearly seasonal component is modeled as a step function, constant within months, but changing discontinuously from one month to the next.
He accurately diagnosed problems at Bear Stearns and Lehman and went on to predict precipitous declines at insurers like Hartford Financial and Prudential Financial months before their stocks tanked.
Cirque, (French: "circle"), amphitheatre-shaped basin with precipitous walls, at the head of a glacial valley.
"We don't expect any precipitous developments at the meeting," Mr. Denton said.
It takes another precipitous dip at 39 and drops steeply and steadily thereafter.
Directly below us was a precipitous gorge, at the bottom of which ran a small, gurgling stream.
Rocco Landesman, the president of Jujamcyn Theaters and a producer of "Caroline," said the show's advance sales took a precipitous drop at the end of August.
The northern end of the mountains also terminates in a precipitous cliff at the Sea of Japan, but the descent to the west is more gradual, merging into the Hida Highlands.
It is entirely possible, if apparently paradoxical, that global warming could produce a precipitous cooling, at least in Europe and parts of North America, by, say, shutting down the Gulf Stream.
Since then, the dollar has strengthened — it closed at $1.55 Tuesday — and some economists say that even if it creeps down slightly, the dangers of a precipitous fall, at least against the euro, have subsided.
