Final answer:
The statement is false. There are three, not two, forms of modeling according to Albert Bandura's theory on observational learning: live, verbal, and symbolic.
Step-by-step explanation:
The statement that there are two forms of modeling: watching someone else perform the skill live or watching someone else perform the skill on video is false. According to psychologist Albert Bandura, there are three kinds of models in observational learning: live, verbal, and symbolic. A live model demonstrates a behavior in person. A verbal instructional model explains or describes the behavior without performing it. A symbolic model includes individuals in media sources such as books, movies, TV shows, video games, or online videos. Therefore, it is incorrect to state that there are only live and video forms of modeling.