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SQL Server database backups

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Hi All,

this is my first time attempting to set up backup jobs for databases. I have some questions and greatly appreciate if someone can point me in the right direction.

1) How much space needs to be allocated for the backup on the server ( i am planning to set up backups for two databases 450gb and 600gb).

2) What kind of backup is recomended?

3) How to calculate the compression?

4) How many days of backups need to be retained.

Thanks 

LKruger


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