Hello, always go with 4 inch thick or thicker! The larger the better. 2 feet by 4 feet work well. Away from the wall by at least 4-6 inches. this is for broad band absobtion. If you want low freq absorbtion ie: below 200hz you need to start looking into bass panel absorbtion.
Just look here, http://www.ethanwiner.com/acoustics.html
Bob
Just look here, http://www.ethanwiner.com/acoustics.html
Bob