I'm not sure such questions can be answered in the abstract. If we say "yes", you'll be able to find an example where the answer is "no". If we say "no", you'll be able to find an example where the answer is "yes".
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AnonymousWhat about these to illustrate?They both seem acceptable to me. I believe the second one (with has) is the more commonly used expression.
The carnival is yet to happen.
The carnival has yet to happen.