Understanding Ito's Diffusion: A Stochastic Modeling Approach

In the world of stochastic processes, Ito's diffusion plays a crucial role in modeling and analyzing various phenomena that involve randomness or uncertainty. Named after the Japanese mathematician Kiyoshi Itô, Ito's diffusion, also known as the Ito process or Brownian motion with drift, is a fundamental concept in stochastic calculus and has numerous a…