Explanation
A weekly, full backup with daily incremental backups would use the least amount of storage space for backups, as it would only store the changes made since the last backup, whether it is a full or incremental backup. Incremental backups are faster and use less storage space than full or differential backups, but they require more time and media to restore data. A full backup is a complete copy of all data, which requires more time and storage space to perform, but allows a faster and easier recovery. A differential backup is a copy of the data that changed since the last full backup, which requires less time and storage space than a full backup, but more than an incremental backup. A differential backup allows a faster recovery than an incremental backup, but slower than a full backup. References:
https://www.techtarget.com/searchdatabackup/feature/Full-incremental-or-differential-How-to-choose-the-
https://www.nakivo.com/blog/backup-types-explained/