Mosaic Dataset Color Correction window supports generating an excluded area layer from an existing mosaic dataset or raster dataset.
The Exclude Area layer can be used as a mask for the color correction of a mosaic dataset. The nodata area in the Exclude Area layer does not participate in the calculation.
Currently, generating an Exclude Area layer from a raster dataset in the Color Correction window crashes ArcMap.
The Exclude Area layer is not properly handled by the Color Correction window when generated from a raster dataset.