This invention pertains to the extraction of the slowness dispersion characteristics of acoustic waves received by an array of two or more sensors by the application of a continuous wavelet transform on the received array waveforms (data). This produces a time-frequency map of the data for each sensor that facilitates the separation of the propagating components thereon. Two different methods are described to achieve the dispersion extraction by exploiting the time frequency localization of the propagating mode and the continuity of the dispersion curve as a function of frequency. The first method uses some features on the modulus map such as the peak to determine the time locus of the energy of each mode as a function of frequency. The second method uses a new modified Radon transform applied to the coefficients of the time frequency representation of the waveform traces received by the aforementioned sensors. Both methods are appropriate for automated extraction of the dispersion estimates from the data without the need for expert user input or supervision.