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Regarding hot setting and the details you can see this- "Piping design and Engineering", by ITTGrinnell.

The denominator in % variation calc (while doing manually) depends on hot/cold setting.

In simple terms to differentiate.
Let us assume a Rest/+Y support has been placed in place of hanger and the SUS load is W1.

Hot setting/Selection is done in such a way that Hanger carries W1 load at Operating, ex: W+D1+T1+P1, i.e, It is designed to take Dead weight at Hot condition.

Cold setting/Selection is done in such a way that Hanger carries W1 load at SUS ex: W+P1, i.e, It is designed to take Dead weight at Cold condition.
In this type of setting, System floats/balanced at hanger location in Cold condition.

You can do a simple homework for a CAESAR II file with hanger close to nozzle, you will find that Hot setting in most cases yields a lower load at Nozzle in OPE cases.