Strictly speaking, every calculation we do as engineers is wrong. We always make assumptions and apply equations which are a simplification of reality. The key is to make assumptions and use equations which give results that are "close enough" to reality. How close is "close enough" is up to the engineer to decide.
Speaking specifically about the TTC tire data (or any laboratory tire data for that matter), we know tire performance is a function of both the tire and the road surface. Since the test machine and the road have different surfaces, the results will be somewhat different. Also, lab conditions do not exactly match on-vehicle conditions. Lab data is still useful (if "wrong"), and its accuracy can be improved through comparison with real-world performance (e.g., a change of friction coefficient).