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Archive process on EPBCS Strategic Modelling?

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Summary:

We can configure the number of archives required for HSF Entity's in On Prem. I want to understand if we have some thing similar in Cloud Strategic Modelling.

We do not see option to set number of archives or option restore a particular archive as we do in HSF. Do we have to rely on Daily Snapshot backup or there is an archive process every time we check out the model.

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