Are behavioral interview questions really the best type to predict success?

I recently had a discussion with a respected HR leader that interested me. She stated, “many great candidates are overlooked because they haven’t had the deeper experiences that hiring managers are looking for when interviewing.”

Is the best predictor of future behavior really past behavior?

Maybe situational interview questions used with behavioral questions could better predict the success of a job candidate?
Are behavioral interview questions eliminating quality candidates simply because they have had different types of experiences within different company cultures?

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