What best describes compressed video?

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Compression reduces the data needed to store or transmit video by encoding it with fewer bits than the original data. This fewer-bit encoding lowers bandwidth and file size, often using methods that remove perceptually less important information. That aligns with the idea of compressed video being encoded to use fewer bits to achieve smaller size and bandwidth requirements.

The other descriptions don’t fit: video that is always lossless and larger in size contradicts the purpose of compression and typical outcomes; higher frame rate is a separate parameter and does not define compression; uncompressed raw data is the opposite of compressed.