In the external shock model, gamma-ray burst (GRB) emissions are produced b
y the energization and deceleration of a thin relativistic blast wave that
interacts with the circumburst medium (CBM). We study the physical properti
es of an analytic function that describes temporally evolving GRB spectra i
n the limit of a smooth CBM with density n(x) proportional to x(-eta), wher
e x is the radial coordinate. The hard-to-soft spectral evolution and the i
ntensity-hardness correlation of GRB peaks are reproduced. We predict that
(1) GRB peaks are aligned at high photon energies and lag at low energies a
ccording to a simple rule, that (2) temporal indices at the leading edge of
a GRB peak display a well-defined shift with photon energy, and that (3) t
he change in the spectral index values between the leading and trailing edg
es of a GRB peak decreases at higher photon energies. The reason that GRBs
are usually detected with vF(v) peaks in the 50 keV to several MeV range fo
r detectors triggering on peak Aux over a fixed time interval is shown to b
e a consequence of the inverse cat-relation of the peak flux and the durati
on of the radiation emitted by decelerating blast waves.