Oh yeah for sure as long as it wasnt really time critical, it stays between 390 - 420ppm (+-10ppm) all day, within 5 minutes of someone coming into the livingroom it will quite happily go up to 550ppm especially if you go near the sensor, I had some friends round one night, 4 people in a smallish living room, I was shocked to see 1500ppm on the graph.
A few years ago there was a study into co2 concentration in old schools, the average co2 during school time was > 2000ppm in some of them, in this case peaks were found at 3500ppm (I read a study once that had peaks of 4500ppm), a few schools had really good results but they were still > 1200ppm and had very good ventilation.
DirtGambit