  Successful wavelet estimation is an essential step for seismic methods like
impedance inversion, analysis of amplitude variations with offset and full
waveform inversion. Homomorphic deconvolution has long intrigued as a
potentially elegant solution to the wavelet estimation problem. Yet a
successful implementation has proven difficult. Associated disadvantages like
phase unwrapping and restrictions of sparsity in the reflectivity function
limit its application. We explore short-time homomorphic wavelet estimation as
a combination of the classical homomorphic analysis and log-spectral averaging.
The introduced method of log-spectral averaging using a short-term Fourier
transform increases the number of sample points, thus reducing estimation
variances. We apply the developed method on synthetic and real data examples
and demonstrate good performance.
