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How can it be accurate when it doesn't take drivetrain into consideration? With the same car and high horsepower... AWD is definitely going to yield better times than RWD.
Here is how I use it. Adjust your sea level 0 to60 acceleration to what your car does per tested specs (car magazines, ect...) then put the altitude you are at and it will tell you what your 0 to 60 should be at your altitude for your car. So use it as an altitude adjustment program.