Statistical Analyst | Forecasting Specialist
Role Overview
The role combines statistical analysis, predictive modeling, forecasting, data interpretation, and business intelligence to support planning, operational decisions, and business performance.
The posting labels the position full-time and mid-level to senior.
Key Skills for This Role
Full Job Posting
Role Overview
The role combines statistical analysis, predictive modeling, forecasting, data interpretation, and business intelligence to support planning, operational decisions, and business performance.
The posting labels the position full-time and mid-level to senior.
Analysis and Forecasting
- Collect, organize, validate, and analyze large datasets from multiple business and operational sources.
- Identify trends, patterns, relationships, significant changes, seasonal patterns, cycles, and anomalies.
- Build forecasts for future demand, sales, revenue, costs, capacity, and business performance.
- Develop and evaluate time-series forecasting models; select statistical methods suited to business questions and data.
- Perform regression, correlation, hypothesis testing, statistical inference, and other statistical techniques.
- Develop predictive models, scenarios, simulations, and sensitivity analyses to support business planning.
- Evaluate forecast accuracy, monitor deviations, investigate significant variances, compare actuals with forecasts, and refine models as conditions change.
Reporting and Collaboration
- Translate statistical results into actionable business recommendations and prepare forecasting reports, dashboards, analytical summaries, and management presentations.
- Support demand, inventory, financial, workforce, operational, and long-term strategic planning.
- Analyze market, customer, sales, operational, and financial data; monitor external factors that may influence forecasts.
- Identify data-quality issues and work with teams to improve data accuracy and completeness.
- Automate analytical processes and collaborate with Data Engineering and IT to improve pipelines, reporting systems, and analytical infrastructure.
- Define forecasting objectives, assumptions, timelines, and outputs with stakeholders; communicate complex statistical concepts to technical and non-technical audiences.
- Establish documented statistical and forecasting methods and standards, validate assumptions and outputs, and conduct ad hoc analysis for strategic decisions.
- Stay current with statistical modeling, forecasting, machine learning, and analytical technologies.
Qualifications
- Bachelor’s degree in Statistics, Mathematics, Economics, Data Science, Finance, Business Analytics, or a related quantitative field.
- Proven experience in statistical analysis, forecasting, predictive analytics, business intelligence, or a related discipline.
- Strong knowledge of statistical methods, probability, data analysis, and quantitative modeling.
- Experience developing and evaluating forecasting and predictive models, including time-series analysis.
- Experience with regression analysis, hypothesis testing, correlation analysis, and statistical inference.
- Proficiency in Excel, including advanced analytical functions and modeling.
- Experience using at least one statistical or programming tool such as Python, R, SQL, SAS, SPSS, or similar.
- Ability to handle complex datasets, prepare data for analysis, evaluate forecast accuracy, and conduct scenario, sensitivity, and variance analysis.
- Strong analytical and critical-thinking skills, attention to detail, communication, presentation, and project organization skills; able to manage multiple projects and deadlines.
Advantageous Experience
- Knowledge of Power BI, Tableau, or equivalent visualization tools is advantageous.
- Experience with Finance, Sales, Operations, Supply Chain, Marketing, or Business teams is advantageous.
- Experience with machine learning, modern data-analysis technologies, or relevant statistics, analytics, forecasting, or business-intelligence certifications is beneficial.
What the Employer Offers
- Competitive salary and comprehensive employee benefits.
- Exposure to advanced forecasting, business intelligence, predictive analytics, and data-driven decision-making.
- Professional development, training, and support for relevant technical and professional certifications.
- Cross-functional work and opportunities to contribute to strategic planning and business optimization.
- Career progression opportunities toward senior analyst, forecasting manager, data scientist, predictive analytics manager, or head of analytics roles.
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