SAN DIEGO (AP) - Economist Clive W.J. Granger, who shared a Nobel Prize for work that changed how analysts look at financial data, has died in San Diego. He was 74.
Granger died Wednesday, according to a news release from the University of California, San Diego, where he was a professor emeritus. The university did not disclose a cause of death.
Granger and his San Diego colleague Robert Engle won the Nobel Memorial Prize in economics in 2003. They showed how the relationships between different economic measurements, such as money supply and national income, change over time.
Those insights helped analysts improve their predictions of future economic performance. In awarding the Nobel, the Royal Swedish Academy of Sciences said their methods "have become indispensable tools not only for researchers, but for analysts on financial markets."
Harvard economist James H. Stock put it more bluntly, telling the Los Angeles Times that "Granger gave us a rigorous way to distinguish between stupid and non-stupid relationships."
Granger said he had a hard time believing the call telling him he had won the Nobel Prize was not a hoax. And it was not easy, he added, to live up to the reputation that came with it.
"People expect me to say brilliant things all the time," he said.
Granger was born in Swansea, Wales, in 1934. He earned his bachelor's in mathematics and doctorate in statistics from the University of Nottingham, England, where he also taught.
He came to UC San Diego in 1974, working with Engle in the Department of Economics. Granger retired to professor emeritus status in 2003, just a few months before winning the Nobel Prize.
Copyright 2009 The Associated Press.
Authorities called in a mobile DNA lab and anthropologists to help identify the dead as the search went on for victims of the most destructive wildfire in California history. The overall death toll from the outbreak of fires at both ends of the state stood at 25 Sunday and appeared likely to rise.
Strong and gusty Santa Ana winds, low humidity and warm temperatures will persist Monday, with a red flag warning denoting a strong risk of wildfire in effect in San Diego County as officials shut off power for several thousand customers as a safety precaution.
Veterans Day fell on Sunday this year. Many government offices as well as other businesses recognize it on Monday by closing offices.
Santa Ana winds are forecast to pick up more Monday than Sunday and may continue into Wednesday as firefighters battling the deadly Woolsey Fire in Los Angeles and Ventura counties work to hold the blaze within cleared containment lines and officials worry that unburned areas continue to pose potential danger.
San Diego residents were urged to be ready to evacuate if brush fires erupt in their city with high Santa Ana winds forecast for Monday and a Red Flag Warning issued for the area.
Five people were injured, including three children, when two SUVs crashed head-on Monday in the Rancho Bernardo area, police said.
33-year-old Daniel Manrique was killed last week inside the Borderline Bar and Grill in Thousand Oaks. He was just days away from completing a cross-country relay run right here in San Diego. Sunday he was honored on board the USS Midway Museum.
People in East San Diego County were getting ready Sunday for a very windy week. "Santa Anas are horrific around here,” said one resident.
Sheriff's deputies arrested a man who was believed to have ignited a brush fire that burned about five acres near Bonsall on a day of increased fire danger in the San Diego region on Sunday.