"Which of the following accurately describes the principles of computational modeling in chemical engineering and its application in predicting fluid flow, heat transfer, and reaction kinetics?

A$)$ Computational modeling in chemical engineering relies solely on experimental data for prediction accuracy.

B$)$ Computational modeling involves mathematical algorithms to simulate fluid flow, heat transfer, and reaction kinetics in chemical processes.

C$)$ Computational modeling in chemical engineering is primarily used for geological studies in earth science applications.

D$)$ Computational modeling in chemical engineering is limited to theoretical analysis and does not contribute to practical applications in industry."