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The SEVERITY Procedure

The SEVERITY procedure estimates parameters of any arbitrary continuous probability distribution that is used to model magnitude (severity) of a continuous-valued event of interest. Some examples of such events are loss amounts paid by an insurance company and demand of a product as depicted by its sales. PROC SEVERITY is especially useful when the severity of an event does not follow typical distributions, such as the normal distribution, that are often assumed by standard statistical methods.

The following are highlights of the SEVERITY procedure's capabilities:

Documentation

For further details, see the SAS/ETS® User's Guide

Examples