@CMastication In Engineering, I have seen data-driven model vs physical or physics-based model (see: researchgate.net/publication/22… )
1
0
2
0
0
@CMastication Descriptive modeling (vs predictive modeling)
@CMastication Would "association-based" vs "causation-based" work here? (Learning lots from the other comments)
@CMastication Curve fitting vs explanatory models
@CMastication Weibull models a priori vs MCMC 😉
@CMastication In an actuarial reinsurance context, it's experience vs. exposure. But, the exposure method was calibrated using historical data. The question in practice is largely one of the variance around the estimator: low-variance estimator = experience.