Taylor series of product of functions

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If $f$ and $g$ have the Taylor expansions given by

$$f(x) = f_{0} + f_1x + f_2x^2 + \mathcal{O}(x^3), $$

$$g(x) = g_0 + g_1x + g_2x^2 + \mathcal{O}(x^3), $$

is it possible to find the Taylor expansion of the product $f(x)g(x)$ up to $\mathcal{O}(x^3)$?

I was thinking of multiplying termwise, like this:

$$f(x)g(x) = f_0g_0 + f_1g_1x + f_2g_2x^2 + \mathcal{O}(x^3), $$

but I'm not so sure if that's allowed.

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This is just a simple calculation, i.e. $$f(x)g(x)=f_0g_0 + (f_0g_1+f_1g_0)x+(f_0g_2+f_1g_1+f_2g_0)x^2+O(x^3)$$