The difference should be framed as: are you using a theory developed by fitting known data, or a theory developed from first principles?
I strongly disagree. "Fitting" data is not a theory-neutral process. As khafra points out, if you just have two time series, you can do linear regression to see if they seem correlated, and make predictions based off that. But for this to work requires lots of assumptions - one might even call it a 'theory' - about the world. For how this can go wrong, see the pirate theory of global warming.svg).
Conversely, "first principles" as they exist in reality are usually grounded in experiment. This is most glaring in the case of climate models...
I recently asked two questions on Quora with similar question structures, and the similarities and differences between the responses were interesting.
Question #1: Anthropogenic global warming, the greenhouse effect, and the historical weather record
I asked the question here. Question statement:
In response to some comments, I added the following question details:
I also posted to Facebook here asking my friends about the pushback to my use of the term "belief" in my question.
Question #2: Effect of increase in the minimum wage on unemployment
I asked the question here. Question statement:
I added the following question details:
I also posted the question to Facebook here.
Similarities between the questions
The questions are structurally similar, and belong to a general question type of considerable interest to the LessWrong audience. The common features to the questions:
Looking for help
I'm interested in thoughts from the people here on these questions: