True vs. Useful
Most theories are not strictly "true" or "false". Newton's theory of gravity depends on a view of spacetime that is generally agreed to be false (roughly true in everyday life but not exactly true). Einstein's general relativity is considered to be a better approximation, but may well still be "false" in light of how spacetime is structured at the Planck scale. But even if they are "false", we will continue to use these theories, because being "true" or "false" is different from being useful. We can never know that a scientific theory is completely true. But we know that both Newton's and Einstein's theories are useful because we can use them to understand what we see as well as to make accurate predictions.
Understanding vs. Prediction
Some theories are more about predictions, and others are more about understanding, but it is hard to be 100% one way or the other, because predictions are typically enabled by some kind of understanding, and an ability to predict also represents a form of understanding. The theory of evolution is largely about understanding why species so frequently appear to be "designed" for their niche, as well as why there are so many similarities between different species. Big bang theories are also mostly about understanding, not prediction, since we will never see another big bang. Of course these theories can be used to help make predictions, and correct predictions may increase our belief in them, but that is not their main contribution. Other theories, like the theory that smoking increases the chance of lung cancer, are focused much more on prediction than on understanding. For these theories, predictive power is in fact their main contribution.
Theories don't need to make predictions
A theory doesn't have to make predictions to be a good theory. If you see a broken egg on the ground, and then you see a nest in a tree directly above the egg, you will probably form the theory that the egg fell from the nest and broke. Most people would say this is a good theory, and there is no point trying to test the theory. Of course this theory can be used to make a prediction, for example that you are more likely to find someone who says "Yes, I saw the egg fall from the nest" than someone who says "Yes, I saw the egg ooze up out of the ground and then a nest materialized in the tree" but trying to confirm this prediction is a waste of time. In fact the theory is so good that even if you met a person making the latter statement, you would probably keep believing your original theory about the egg falling out of the nest, and you would form a new theory that the person you are talking to is pulling your leg or is crazy.
Similarly, the heliocentric theory of the Copernican revolution was a big intellectual advance, although it didn't make any different predictions. It was just a much simpler understanding, and a much simpler way of making the same predictions.
Predictions strongly influence our acceptance of theories
If one theory makes better predictions than another, then the one that makes better predictions is typically preferred (but simplicity of the theory is also a factor). For example, we could consider 3 theories:
- sunny days are more humid than cloudy days on average, because the sunlight warms the ground and accelerates evaporation of moisture on the ground
- cloudy days are more humid than sunny days on average, because the clouds, being formed of water, are a direct indication of humidity in the air
- whether a day is sunny or cloudy is unrelated to the humidity
To decide between these theories, you would probably start collecting data and see which theory fits the data the best. If the data is very close to what the third theory would predict, you may prefer the third theory because of its simplicity, even if the prediction is not absolutely perfect. If you talk to a meteorologist, you may decide that all of these theories are wrong, not because their predictions are wrong, but because the understanding they offer is woefully incomplete. Both predictions and understanding are important, when choosing a theory.
When theories give clearly different predictions, testing these predictions is a strong influence on what we believe. The theory of general relativity gives a prediction of the precession of Mercury's orbit over 20 times closer to the measured value than the prediction given by Newton's laws. This was a strong influence on people choosing to believe in general relativity over Newton's laws.
Similarly, big bang theory predictions such as the cosmic microwave background radiation have strongly influenced people towards believing the big bang theory, even though the purpose of the theory is not to go around making predictions like that, but rather to provide an understanding of how the universe began.