falloff

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fall·off

(fôl′ôf′, -ŏf′)

A reduction or decrease: a falloff in car sales.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

fall•off

(ˈfɔlˌɔf, -ˌɒf)

n.

a decline in quantity, vigor, etc.

[1595–1605]

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Noun

falloff - a noticeable deterioration in performance or quality; "the team went into a slump"; "a gradual slack in output"; "a drop-off in attendance"; "a falloff in quality"

drop-off, falling off, slump, slack

decline in quality, worsening, declension, deterioration - process of changing to an inferior state

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The conditional forecast of core PCE inflation closely tracks the actual evolution of core PCE inflation, suggesting that most of the falloff of core inflation that occurred over the 2012:Q2 to 2015:Q3 period could be explained by movements in the other variables of the model, that is, by unexpected developments in the determinants of inflation.

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HP said the massive job cuts were in response to a falloff in demand for its products but did not reveal whether or not its operations here will be affected.