I had the occasion to see a presentation given by Saman Razavi on this topic and I found it educative. It can be found on YouTube and you can see it below. It contains a quick historical review and exemplify the different abilities of the two type of models. Therefore I decided to share it with you.
The example Dr. Razavi does in the projections is interesting but, wanting to reproduce it, how did he obtained the target future curve ? Dott. Razavi also addressed to his recent paper that is the basis for the talk and where you can find further details.
Razavi, Saman. 2021. “Deep Learning, Explained: Fundamentals, Explainability, and Bridgeability to Process-Based Modelling.” Earth and Space Science Open Archive. Earth and Space Science Open Archive. https://doi.org/10.1002/essoar.10506045.1.