The line of best fit is also called the least-squares regression line. Which statement best explains that name?

The line is located on a scatterplot so that it minimizes the squared distances from the points to the line.
The line represents the place on the scatterplot that connects the points in the smallest square possible.
The line is located on a scatterplot so that it maximizes the squared distances from the points to the line.
The line represents the place on the scatterplot that crosses through the greatest number of points.