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**What is stochastic calculus?**

Stochastic calculus is a branch of mathematics that deals with the differentiation and integration of stochastic processes. Stochastic processes are mathematical models of systems that evolve over time in a random or probabilistic way. Examples of stochastic processes are the changing stock prices, the spread of disease, and the weather.

**Uses of stochastic calculus?**

Stochastic calculus is used in a wide variety of fields, including finance, engineering, physics, and biology. It is used to model and analyze complex systems, to make predictions about future events, and to design optimal strategies for decision-making.

Some specific examples include:

**Pricing financial assets:**Stochastic calculus is used to price financial assets such as stocks, bonds, and options.**Managing financial risks:**It is used to manage financial risks, such as the risk of loss due to changes in stock prices or interest rates.**Designing engineering system**s: It is used to design engineering systems such as control systems and communication systems.**Modeling physical and biological phenomena**: Stochastic calculus is used to model physical and biological phenomena such as the motion of particles, the spread of diseases, and the evolution of populations.

**Why study stochastic calculus?**

Stochastic Calculus is important to study for a career as:

**Quantitative analyst:**Quantitative analysts use stochastic calculus to develop and implement financial models.**Financial engineer:**Financial engineers use stochastic calculus to design and develop financial products and services.**Control engineer:**Control engineers use stochastic calculus to design and analyze control systems.**Signal processing engineer:**Signal processing engineers use stochastic calculus to design and analyze signal processing algorithms.**Computational biologist:**Computational biologists use stochastic calculus to model biological systems and to develop new drugs and treatments for diseases.

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