The key feature that helps to clearly illustrate that this graph has been moved down 3 units from the parent function \( y = x^2 \) is the y-intercept.
The function \( f(x) = x^2 - 3 \) has a y-intercept at \( (0, -3) \), while the parent function \( y = x^2 \) has a y-intercept at \( (0, 0) \). This shift in the y-intercept is a clear indicator of the graph being moved down 3 units.