It's a bit like asking if the theory describing the Sun raising and setting every day deals only with the known (=past) observations.
The model is built on available data, but we can extrapolate beyond that. We don't expect the universe to be much different just beyond our observable patch - in the same way as we don't expect the behaviour of the Sun to change much in the near future.
Sure it's possible that the laws of physics just outside what we see (in time or space) might suddenly change, but based on how they haven't for the past billions of years (and light-years), it's rather unlikely.
Like with all extrapolations, it requires some Bayesian thinking.
On the other hand, we are aware of limitations of such extrapolations - given enough time, we do expect the Sun to stop raising and setting due to some other effects (because it will have become a red giant and evaporated the Earth), and given sufficiently far removed reaches of the larger universe we have reasons suspect that it would be different enough out there not to be described by the Big Bang theory (because it's still inflating*, and the BB hasn't yet happened there).
*with the caveat that the theory of stellar evolution is on a more robust footing than the inflationary theory.
So the answer is not a simple t/f, but more along the lines of: 'BB is very likely to describe more than just our observable universe, but perhaps not all of it.'
Vanadium 50 said:
Please don't do this. Add something to clarify - but don't leave us with answers to questions that aren't there anymore.
As far as I can tell, he did not delete anything - he just added the clarifying bit after the 'edit'. The question is in the thread title.