Engle, Granger win Nobel prize for economics

The Nobel prize for economics, established by Sweden's central bank in 1968, was awarded to Robert Engle and Clive Granger on Wednesday for their work on time series modelling and co-integration, where time series data has a common trend.

Click here to read the Nobel prize press release

Source: Associated Press

American Robert F. Engle from New York University and Briton Clive W.J. Granger won the 2003 Nobel Memorial Prize in Economic Sciences Wednesday for their use of statistical methods for e