It depends on some factors ... It can make send having fake traffic. Consider what Google Analytics might use of this informations, if you place the analytics code on your website. For me it finally worked for better search result rankings, also for Alexa and for website value. So for me I'm using it in "getting rid of some old domains", which I have. I produce traffic, get some nice website value after a couple of days and sell it, e.g. at Ebay. Just need some referring data to present to customers (I hope that are not SEO guru's)
it is possible, but based on how you asked the question, it will take a few more years until you'll get there,
since it is a lot of work involved and you need special custom tools for it.
and even then you need the rest of the ranking factors to be added to the pie
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