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Installing PerformancePoint in a distributed topology

I have to install PPS in a SharePoint farm. The SQL 2008 server hosts db, analysis, and reporting. The SP servers are 2 WFEs (Load-balanced) and an app server. They want to install PPS on the app server.
In order to do this, do I still have to install PPS on the SQL box in order to get the databases on there for Planning Server? Same for Monitoring Server?

thanks for any clues.

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