Conducts research and analysis on economic data/trends and produces forecasts, interpretive reporting, and media used for risk assessment, communication, and decision making.
Collects economic data from established datasets and other sources utilizing data collection and data science protocols. Utilizes statistical analysis, mathematical methodologies, and modeling techniques to develop data. Designs and organizes data into unique report models and graphical illustrations to present economic information used for decision making and solution development.
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Economics Analyst I skill and competencie below to view definitions.
Skill definition-Designing and implementing business strategies, goals, and objectives to deliver end-to-end business value.
Level 1 Behaviors
(General Familiarity)
Cites examples of strategies and processes used in business architecture.
Level 2 Behaviors
(Light Experience)
Applies the business architecture principles to identify alternative solutions.
Level 3 Behaviors
(Moderate Experience)
Checks solution blueprints to align with business architecture strategies.
Level 4 Behaviors
(Extensive Experience)
Delivers innovative solutions to resolve critical business process architecture issues.
Level 5 Behaviors
(Mastery)
Builds training programs for the new employees to learn and use the best practices of business architecture.
Skill definition-Developing and implementing plans to assess the actions and goals of a business.
Level 1 Behaviors
(General Familiarity)
Cites examples and best practices of great business strategies.
Level 2 Behaviors
(Light Experience)
Assists in improving programs based on our organization's business strategy.
Level 3 Behaviors
(Moderate Experience)
Administers innovative analytical solutions to optimize business strategy.
Level 4 Behaviors
(Extensive Experience)
Contributes to the business strategy to articulate the broad implications of business trends.
Level 5 Behaviors
(Mastery)
Champions the adoption of the latest technologies to implement various business strategies.
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Cites examples of methods used to collect and compile information.
Level 2 Behaviors
(Light Experience)
Applies techniques and tools to gather, organize, and archive pertinent information.
Level 3 Behaviors
(Moderate Experience)
Analyzes employees' feedback to determine necessary changes to be implemented within our business.
Level 4 Behaviors
(Extensive Experience)
Implements strategies to streamline the data collection process.
Level 5 Behaviors
(Mastery)
Champions the adoption of advanced tools and methods to simplify the information-gathering process.
Skill definition-Gathering, analyzing, and predicting patterns and structures of historical data and trends to make strategic decisions for better future outcomes.
Level 1 Behaviors
(General Familiarity)
Describes the basics of predictive model techniques.
Level 2 Behaviors
(Light Experience)
Applies appropriate statistical tools to test and validate all assumptions.
Level 3 Behaviors
(Moderate Experience)
Contributes to the development of multiple models to predict future behavioral outcomes.
Level 4 Behaviors
(Extensive Experience)
Develops data analysis strategy and predictive models for various functions or measurements.
Level 5 Behaviors
(Mastery)
Adopts advanced techniques for evaluating the quality and relevance of data used in predictive models.
There are 0 hard skills for Economics Analyst I.
11 general skills for Economics Analyst I, Business Architecture, Business Strategy, Data Analytics, etc.
7 soft skills for Economics Analyst I, Gathering Information, Predictive Analytics, Initiative, etc.
While the list totals 18 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as an Economics Analyst I, he or she needs to be proficient in Gathering Information, be proficient in Predictive Analytics, and be proficient in Initiative.
