The figure below shows the container freight rate index from China to Europe from June 2020 to November 2022 (the units of measurement are index points). The blue line refers to actual data and the red line refers to data obtained from a relevant simulation model. Based on this time series, do you think that the simulation fails some type of model validity tests? Explain your answer. 6000 4000 2000 Jun '20 Container freight rate index from China to Europe Jan 21 Jun 21 simulation data Jan 22 real-world data Jun 22 Nov 22