\begin{tabular}{lcccc c} \toprule Model & MdAPE (\%) & MAPE (\%) & RMSE$_{\ln}$ & $R^2_{\ln}$ & Fit (s) \\ \midrule \multicolumn{6}{l}{\itshape A. Functional form}\\ \quad A1 Linear (levels) & 18.2 & 35.6 & 0.420 & 0.477 & 0 \\ \quad A2 Semi-log & 18.2 & 34.5 & 0.397 & 0.533 & 1 \\ \quad A3 Log-log & 17.0 & 32.7 & 0.381 & 0.569 & 1 \\ \quad A4 Box-Cox & 18.6 & 33.0 & 0.390 & 0.548 & 4 \\ \quad A5 Semi-log + quadratics & 18.1 & 34.6 & 0.397 & 0.533 & 1 \\ \quad A6 Semi-log + splines & \textbf{16.5} & 32.1 & 0.376 & 0.579 & 3 \\ \midrule \multicolumn{6}{l}{\itshape B. Time effects}\\ \quad B1 No time effects & 21.1 & 38.4 & 0.423 & 0.468 & 0 \\ \quad B2 Year FE & 18.1 & 34.7 & 0.397 & 0.532 & 1 \\ \quad B3 Quarter FE & \textbf{18.1} & 34.6 & 0.397 & 0.533 & 1 \\ \quad B4 Month FE & 18.3 & 34.8 & 0.398 & 0.529 & 1 \\ \midrule \multicolumn{6}{l}{\itshape C. Spatial controls}\\ \quad C1 No spatial controls & 27.9 & 48.4 & 0.494 & 0.274 & 0 \\ \quad C2 Municipality FE & 18.1 & 34.6 & 0.397 & 0.533 & 1 \\ \quad C3 Grid-cell FE ($\sim$5.5 km) & \textbf{17.5} & 34.0 & 0.392 & 0.544 & 1 \\ \quad C4 Grid-cell FE ($\sim$1.1 km) & 19.4 & 37.5 & 0.418 & 0.481 & 1 \\ \midrule \multicolumn{6}{l}{\itshape D. Estimation method}\\ \quad D1 OLS (muni + month FE) & 18.3 & 34.8 & 0.398 & 0.529 & 1 \\ \quad D2 Ridge (cross-validated) & 16.7 & 32.3 & 0.378 & 0.577 & 11 \\ \quad D3 Random forest & 14.6 & 28.2 & 0.353 & 0.631 & 8 \\ \quad D4 Gradient boosting & \textbf{14.4} & 27.8 & 0.347 & 0.642 & 42 \\ \quad D5 Gradient boosting, no coordinates & 23.2 & 38.3 & 0.440 & 0.426 & 18 \\ \quad D6 Spatial k-NN comparables & 21.2 & 36.7 & 0.437 & 0.434 & 0 \\ \bottomrule \end{tabular}