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Please explain Ito's Lemma in layman's terms if possible and how this relates to Taylor series

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closed as not a real question by Grigory M, Jamie Banks Aug 11 '10 at 0:34

It's difficult to tell what is being asked here. This question is ambiguous, vague, incomplete, overly broad, or rhetorical and cannot be reasonably answered in its current form. For help clarifying this question so that it can be reopened, visit the help center.If this question can be reworded to fit the rules in the help center, please edit the question.

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please give some background for the question and your understanding of Ito's Lemma, or what you want to know about it, more specifically. For example, what do you want to know that isn't in the Wikipedia article on Ito's lemma? As the question stands, it's way too general, and anyone answering won't know at what level to write. I'd close this as is. –  Jamie Banks Aug 10 '10 at 20:44
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The site is new and I am new to it. The question was a "feeler" to see what sort of response I could get. Obviously I know how to use Wikipedia... –  John Channing Aug 10 '10 at 21:12
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Judging by your CV we should be the ones asking you about Ito's Lemma :) –  Adal Aug 10 '10 at 21:23
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John--point taken, and I apologize if I annoyed you. But generally people aren't going to be looking up user pages and CVs before they respond, just as I didn't, and the suggestion to use Wikipedia is one that we've often given to people who phrase questions like this, who apparently, indeed, haven't tried Wikipedia. In answering, I have to judge by the question, not the person asking it. –  Jamie Banks Aug 11 '10 at 0:34
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Why was this question closed? This is a valid question in my book –  Casebash Aug 11 '10 at 8:00

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