The key feature that helps to clearly illustrate that the graph has been moved down 3 units from the parent function \( y = x^2 \) is the y-intercept.
In this case, the parent function \( y = x^2 \) has a y-intercept of \( 0 \) (i.e., it crosses the y-axis at \( (0,0) \)), while the function \( f(x) = x^2 - 3 \) has a y-intercept of \( -3 \) (i.e., it crosses the y-axis at \( (0,-3) \)). This shift in the y-intercept clearly indicates that the graph has been moved down by 3 units.