Best Buy is a technology retailer focused on helping customers through personalized technology solutions. The Market Intelligence Decision Scientist will use economic theory, statistical modeling, forecasting, and market intelligence frameworks to assess external forces affecting consumer behavior and business performance. The role will develop forecasts, monitor economic trends, and deliver actionable insights and decision-support tools to stakeholders across Finance, Strategy, Analytics, and Market Intelligence.
Develop and maintain econometric and forecasting models that quantify the impact of macroeconomic conditions on Best Buy's business performance and consumer demand
Leverage economic forecasts (e.g. Moody’s analytics) alongside industry and alternative external data sources to evaluate leading indicators, triangulate future market conditions, and improve visibility into potential business outcomes
Conduct scenario and sensitivity analyses to quantify the impact of changing economic conditions, inform key business trade-offs, and continuously improve forecast accuracy through model refinement, new methodologies, and evolving data sources
Build, update, and maintain analytical platforms for ongoing business economic tracking and reporting (e.g., Executive Monthly Business Review macro scorecard, Investor Relations government sources workbook, and tracking of key economic themes)
Monitor economic, industry, and business performance relative to established forecasts and scenarios, identifying meaningful shifts in trends, risks, opportunities, and leading indicators
Deliver actionable economic insights and implications through the collection, analysis, and interpretation of macroeconomic, industry, external, and Best Buy data, helping stakeholders understand what is changing, why it is changing, and the potential impact on future business performance
Develop expertise across a broad portfolio of external and alternative data sources (e.g. credit card spending, market share, consumer surveys & panel data, earnings calls, analyst research) to generate actionable market intelligence
Evaluate how external developments, such as tax refunds, gas prices, tariffs, housing trends, and competitive changes, impact consumer behavior, industry performance, and Best Buy's business
Triangulate insights across multiple data sources and apply market intelligence frameworks, including market and opportunity sizing, value chain analysis, competitive assessments, and scenario planning, to answer emerging business questions and support strategic decision-making
Qualification
Required
Bachelor's degree in Business, Economics, Mathematics, Statistics, Data Science, Physical Sciences, or related field
1 or more years of experience in analytics, retail, market research, or competitive intelligence
1 or more years of experience applying analytical techniques to answer business questions
1 or more years of experience leveraging data science and data visualization tools, such as SQL, and/or Python
Strong project management skills, capable of balancing multiple priorities and delivering high-quality results on time
Interest in economic data and how it impacts consumer behavior
Must be eligible to work in the U.S. without company sponsorship, now or in the future, for employment-based work authorization (F-1 students with practical training and candidates requiring H-1Bs, TNs, etc. will not be considered)
Preferred
1 or more years of experience leveraging data science and data visualization tools, such as Tableau/PowerBI/Looker, SAS, R
1 or more years experience working with government data such as labor statistics, consumer spending, housing statistics, consumer surveys, etc
1 or more years experience with advanced analytic techniques including statistical inference, predictive modeling, and big data analytics
Exceptional communication and interpersonal skills, with the ability to translate complex data into impactful business insights
Benefit
Generous employee discount
Physical and mental well-being support
Hybrid work arrangement: work on site Monday through Thursday at the Best Buy corporate office in Richfield, Minnesota, and work virtually from home or another non-Best Buy location on Friday
Best Buy is a multinational retailer of technology and entertainment products and services offering consumer electronics and more.
