Is $\prod \limits_{n=2}^{\infty}(1-\frac{1}{n^2})=1$ Question is to check if  $\prod \limits_{n=2}^{\infty}(1-\frac{1}{n^2})=1$
we have $\prod \limits_{n=2}^{\infty}(1-\frac{1}{n^2})=\prod \limits_{n=2}^{\infty}(\frac{n^2-1}{n^2})=\prod \limits_{n=2}^{\infty}\frac{n+1}{n}\frac{n-1}{n}=(\frac{3}{2}.\frac{1}{2})(\frac{4}{3}.\frac{2}{3})(\frac{5}{4}.\frac{3}{4})...$
In above product we have for each term $\frac{a}{b}$ a term $\frac{b}{a}$ except for $\frac{1}{2}$.. So, all  other terms gets cancelled and we left with $\frac{1}{2}$.
So, $\prod \limits_{n=2}^{\infty}(1-\frac{1}{n^2})=\frac{1}{2}$.
I would be thankful if some one can assure that this explanation is correct/wrong?? 
I am solving this kind of problems for the first time so, it would be helpful if some one can tell if there are any other ways to do this..
Thank you

One of the easiest ways to deal with infinite sums/products, is to stop at a finite value, say $N$, and look at what happens to the finite sum/product and then let $N \to \infty$. (In fact, this is the typical way infinite sums/products are to be understood/interpreted.)
Hence, in your case, let us look at
\begin{align}
S_N & = \prod_{n=2}^N \left(1-\dfrac1{n^2}\right) = \dfrac{1}{2}\cdot\dfrac{3}{2}\cdot \dfrac23 \cdot \dfrac43 \cdot \dfrac34 \cdot \dfrac54 \cdots \dfrac{N-2}{N-1} \cdot \dfrac{N}{N-1} \cdot \dfrac{N-1}{N} \cdot \dfrac{N+1}N\\
& = \dfrac12 \cdot \dfrac{N+1}N = \dfrac{N+1}{2N}
\end{align}
Now let $N \to \infty$ to conclude that
$$\prod_{n=2}^{\infty} \left(1-\dfrac1{n^2}\right) = \dfrac12$$
