Implement filtering logic for min_severity and trace_based parameters

[rads-1996]

Description

Implement Spec to filter logs based on min_severity and trace_based parameters.

Type of change

Please delete options that are not relevant.

• [ ] Bug fix (non-breaking change which fixes an issue)
• [x] New feature (non-breaking change which adds functionality)
• [ ] Breaking change (fix or feature that would cause existing functionality to not work as expected)
• [ ] This change requires a documentation update

How Has This Been Tested?

Please describe the tests that you ran to verify your changes. Provide instructions so we can reproduce. Please also list any relevant details for your test configuration

• [x] Added unit tests

Does This PR Require a Contrib Repo Change?

• [ ] Yes. - Link to PR:
• [x] No.

Checklist:

• [x] Followed the style guidelines of this project
• [x] Changelogs have been updated
• [x] Unit tests have been added
• [ ] Documentation has been updated