Step 1: Concept
In a parallelogram, the diagonals bisect each other. Thus, the midpoint of diagonal $PR$ is the same as the midpoint of diagonal $QS$.
Step 2: Meaning
Midpoint of $PR = \left(\frac{1+5}{2}, \frac{2+7}{2}\right) = (3, 4.5)$.
Step 3: Analysis
Midpoint of $QS = \left(\frac{a+2}{2}, \frac{b+3}{2}\right)$.
Equating: $\frac{a+2}{2} = 3 \implies a+2=6 \implies a=4$.
Equating: $\frac{b+3}{2} = 4.5 \implies b+3=9 \implies b=6$.
Step 4: Conclusion
The values are $a=4$ and $b=6$.
Final Answer: (E)