Good quesion. I don't think so, but I wouldn't say for sure. It does look like there are some slipped stitches also. I think the back would be knitted, there would need to be a yo, and the a slipped stitch. I might have a chance to try it with yarn and needles after a while. I agree the faggoting pattern is similar but not quite the same.
Happiness is catching that dropped stitch while it's still fixable..