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In general it computes the difference of today's runners from the averages my profile computes, and "weights" them according to the averages in the profile. So if the profile says that VDC is an important predictor, then the top VDCs in today's race would get weighted accordingly. So make a profile, and use it.
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Thanks for the insights related to your procedure, Dorianmode, very helpful.
Could you please give an example (VDC or otherwise) of how to create and utilize weights. I understand the general concept but I've never been confident that I understand it well enough to create the proper weights.