A system and method for effective estimation of properties of a formation using acoustic array processing is disclosed. An acoustic tool is directed to a zone of interest in the formation and generates a first signal. Real data corresponding to the first signal is then received. One or more basic parameters are provided as input. The basic parameters may include parameters relating to the acoustic tool or parameters relating to the zone of interest. A time semblance shear slowness and a frequency semblance shear slowness are determined using the basic parameters. A mask is then selected using the determined time semblance and frequency semblance shear slowness values and used to isolate a dispersion curve. A shear slowness value is selected from the dispersion curve and quality control is performed on the selected shear slowness value.