I see in this Sitecore Documentation they mention Continuous Update as a type of processing for reporting. I can't find any documentation on this.
What are the steps and configuration required to set this up?
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Continuous Updating is automatically configured. It is the process of xDB which takes interactions that have just ended, out of shared session, into the repository, and then processed and aggregated against.
It starts as soon as Sitecore initializes and runs until the the server is turned off. In most distributed environments, a collection of server roles are utilized:
Rebuilding of the Reporting Database is the manual intervention that is sometimes needed in rare events where the data between Mongo and the Reporting Databae becomes out of sync. This scenario can come up if MongoDB is manually edited without using the Sitecore API or if the reporting database becomes unusable.
For additional information on how to setup a reporting server role, see the following Sitecore Documentation.
For additional information on how to setup a processing server, see the following Sitecore Documentation.
Another configuration that is available is the abilitly to create additional aggregation agents.
When you configure a processing server, to optimize performance, you may need to change the number of aggregation agents or threads that you run. Aggregation agents pick up interactions to be processed by the aggregation pipeline and convert data into a form suitable for use by the reporting database.
You can learn more about Aggregation Agents here.
I agree that the documentation link provided reads as though Continous Updating is a separate function of xDB. However, as you read through the doc you realize that Continous Update is really just the standard operation of Sitecore.