topic Re: glm model for severity in SAS Data Science

glm model for severity

ishakamboj1230 — Wed, 09 Nov 2016 18:24:42 GMT

hi i am using insurance dataset to model severity using Generalized linear model . so please suggest me what are the available models used for severity in sas for GLMs

Re: glm model for severity

ballardw — Wed, 09 Nov 2016 23:42:38 GMT

You should explain what severity means in terms of your available data. This is likely a topic that has many definitions and specific industries or even your organization may have a different take than others.

Re: glm model for severity

Ksharp — Thu, 10 Nov 2016 02:47:55 GMT

Under SAS/ETS , there is a Proc severity .Better post it at Forecasting Forum.

Re: glm model for severity

ishakamboj1230 — Thu, 10 Nov 2016 11:41:14 GMT

i am using motor insurance data , the claim severity is given to me in that data set. based on that i have to model severity. data base is attached with question , i have tried proc severity procedure using gamma distribution:

proc severity data=libish.simulatedwithlog crit=aicc ;

loss severity;

scalemodel logduration / dfmixture =full ;

dist gamma ;

run;

and also applied usual gamma model using genmod procedure .

proc genmod data=libish.dataset2;

class premiumclass age zone;

model severity=premiumclass age /dist=gamma link=log type3;

run;

actually how to conclude gamma model is suitable for this data?