Honestly, as av8r said. it'll be off in ten min... he's serious.
I've set mine at my house (5 min from where I ride & only 1500 feet below) and had it be off by 800+ at lunchtime.
if you think of it as a reference device, it's somewhat handy, but to get a legit reading, it's a waste of time.
I'll look at the bottom of a hill then at the top... then I know how big a chute I just climbed or whatever, but it'll change HUGELY from day to day.