the wall is 13x8 and the boards are 4x8, the simplest way is to put the 8 dimesnion of the boards on the 8 dimension of the wall.
As the boards need to be nailed all round the perimeter, if you lay the boards horizontally you'll need to add blocking to catch the edges of the boards.
If you stand them vertically you'll need a stud where the edges of the boards meet. It looks like you have 16" spacing for your studs, so you'll only need to cut the end boards (and a hole for the electrical panel id that needs to be accessible from the side you are boarding)
When properly nailed both orientations are equal in strenngth