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 IV 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)
Discusses value chains and process flows for business architecture.
Level 2 Behaviors
(Light Experience)
Conducts gap analyses to identify business process architecture issues.
Level 3 Behaviors
(Moderate Experience)
Implements architecture standards and practices to improve our business architecture.
Level 4 Behaviors
(Extensive Experience)
Drives visibility of the gaps in business architecture to prioritize resolving those gaps.
Level 5 Behaviors
(Mastery)
Develops business architecture roadmaps to achieve our business's business objectives.
Skill definition-Developing and implementing plans to assess the actions and goals of a business.
Level 1 Behaviors
(General Familiarity)
Discusses business strategy constraints in meeting our organizational objectives.
Level 2 Behaviors
(Light Experience)
Reports statistical data for presentations to support business strategy.
Level 3 Behaviors
(Moderate Experience)
Implements change initiatives to ensure successful delivery of business strategy.
Level 4 Behaviors
(Extensive Experience)
Evaluates new business opportunities to develop an effective strategy and win business resources.
Level 5 Behaviors
(Mastery)
Develops business strategy to support the vision of our organization.
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Explains the use of surveys and interviews in gathering the necessary information.
Level 2 Behaviors
(Light Experience)
Conducts basic research to identify current industry trends and best practices.
Level 3 Behaviors
(Moderate Experience)
Participates in various company events to gain information about current business operations.
Level 4 Behaviors
(Extensive Experience)
Provides training to others about new techniques and strategies for effective data collection.
Level 5 Behaviors
(Mastery)
Develops best practices and programs to improve data collection across our business.
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)
Differentiates between predictive analytics and machine learning.
Level 2 Behaviors
(Light Experience)
Collects data from specific sources to support data processing in predictive analytics.
Level 3 Behaviors
(Moderate Experience)
Recommends fixes and optimizations to avoid future malfunctions and maximize efficiency.
Level 4 Behaviors
(Extensive Experience)
Monitors performance to ensure accuracy and relevance of predictions in driving organizational growth.
Level 5 Behaviors
(Mastery)
Leads predictive analytics modeling tasks to advance interests and improve operations of our business.
There are 0 hard skills for Economics Analyst IV.
11 general skills for Economics Analyst IV, Business Architecture, Business Strategy, Data Analytics, etc.
10 soft skills for Economics Analyst IV, 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 IV, he or she needs to be skilled in Gathering Information, be skilled in Predictive Analytics, and be skilled in Problem Solving.
