\begin{tabular}{lcccc} \toprule Component & Equal & PCA loading & Supervised & Leave-one-out corr. \\ \midrule Exit intensity & 0.20 & +0.41 & -- & 0.94 \\ Markdown frequency & 0.20 & +0.35 & +0.0011 & 0.91 \\ Markdown depth & 0.20 & -0.50 & -0.0039 & 0.95 \\ Residual dispersion (sign reversed) & 0.20 & +0.51 & -0.0015 & 0.91 \\ Arrival rate & 0.20 & +0.44 & +0.0015 & 0.94 \\ \midrule PCA first-component share & \multicolumn{4}{c}{0.56} \\ Corr(equal, PCA) / Corr(equal, supervised) & \multicolumn{4}{c}{0.85 / 0.68} \\ Leave-exit-out AMLI $\to$ next-week exit (region FE) & \multicolumn{4}{c}{0.96 pp [0.69, 1.24], $n$ = 68} \\ \quad + lagged exit & \multicolumn{4}{c}{1.02 pp [0.70, 1.35], $n$ = 68} \\ \quad pooled OLS & \multicolumn{4}{c}{0.98 pp [0.59, 1.36], $n$ = 68} \\ Price-tier markets: PCA share / held-out slope & \multicolumn{4}{c}{0.44 / 0.46 pp [-0.64, 1.55]} \\ Body-type markets: PCA share / held-out slope & \multicolumn{4}{c}{0.46 / 0.44 pp [0.05, 0.82]} \\ \bottomrule \end{tabular}