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 III 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)
Lists the basic functions and features of business architecture tools.
Level 2 Behaviors
(Light Experience)
Supports the implementation of business architecture practices.
Level 3 Behaviors
(Moderate Experience)
Performs quality assessments to analyze the gaps in the baseline business architecture.
Level 4 Behaviors
(Extensive Experience)
Provides recommendations in existing architecture standards to achieve efficiency in business operations.
Level 5 Behaviors
(Mastery)
Mentors the team of architects to deliver solution architectures for improvements.
Skill definition-Developing and implementing plans to assess the actions and goals of a business.
Level 1 Behaviors
(General Familiarity)
Lists the components and elements of a business strategy.
Level 2 Behaviors
(Light Experience)
Tracks business strategy reviews to assess the progress of strategy achievement.
Level 3 Behaviors
(Moderate Experience)
Works with teams to translate the business strategy to align business objectives.
Level 4 Behaviors
(Extensive Experience)
Presents data with a clear point of view to use insights and help drive business strategy.
Level 5 Behaviors
(Mastery)
Leads the build-out of business strategy multi-generation plans to achieve goals and objectives.
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Names commonly used tools and techniques for data collection.
Level 2 Behaviors
(Light Experience)
Obtains needed information by asking skillful and persistent questions.
Level 3 Behaviors
(Moderate Experience)
Utilizes various tools and technologies to validate information acquired from different sources.
Level 4 Behaviors
(Extensive Experience)
Synthesizes information from various sources to enable strategic decision-making by our leadership.
Level 5 Behaviors
(Mastery)
Takes steps to ensure that the intellectual property rights of others are not violated.
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)
Lists various kinds of applications that use predictive analytics.
Level 2 Behaviors
(Light Experience)
Interprets the reasons for statistical errors, misinterpretations, and false positives.
Level 3 Behaviors
(Moderate Experience)
Works with teams in using different kinds of cross-validation to test results of predictive models.
Level 4 Behaviors
(Extensive Experience)
Researches and lists the cases that are predicted wrongly and then learns how to improve.
Level 5 Behaviors
(Mastery)
Stays current with the latest research on predictive analytics.
There are 0 hard skills for Economics Analyst III.
11 general skills for Economics Analyst III, Business Architecture, Business Strategy, Data Analytics, etc.
10 soft skills for Economics Analyst III, Gathering Information, Predictive Analytics, Problem Solving, etc.
While the list totals 21 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 III, he or she needs to be skilled in Gathering Information, be skilled in Predictive Analytics, and be skilled in Problem Solving.
