Based on the given data, it appears that the snow depth is decreasing exponentially over time, so we need to find an exponential equation that fits the data.
Using a graphing calculator or a spreadsheet program, we can plot the data and find the exponential regression equation that best fits the data. The equation is:
y = 47e^(-0.167x)
where y is the snow depth in inches and x is the number of days.
Therefore, the exponential equation that best represents the snow depth over time is y = 47e^(-0.167x), rounded to three decimal places.