What two approaches would a risk management professional use when jointly analyzing the loss frequency and loss severity of a loss exposure?

Regression Approach $-$ One method of jointly considering both loss frequency and loss severity is the Prouty Approach, which identifies four broad categories of loss frequency and three broad categories of loss severity. Total Claims Distribution $-$ Another method is more statistically based and involves combining frequency and severity distributions to create a single total claims distribution.

Prouty Approach $-$ One method of jointly considering both loss frequency and loss severity is the Prouty Approach, which identifies four broad categories of loss frequency and three broad categories of loss severity. Total Claims Distribution $-$ Another method is more statistically based and involves combining frequency and severity distributions to create a single total claims distribution.

Delphi Approach $-$ One method of jointly considering both loss frequency and loss severity is the Prouty Approach, which identifies four broad categories of loss frequency and three broad categories of loss severity. Total Claims

Distribution $-$ Another method is more statistically based and involves combining frequency and severity distributions to create a single total claims distribution.

SWOT Approach $-$ One method of jointly considering both loss frequency and loss severity is the Prouty Approach, which identifies four broad categories of loss frequency and three broad categories of loss severity. Total Claims