There are three series to look for here. The first letters are alphabetical in reverse: Z, Y, X, W, V. The second letters are in alphabetical order, beginning with A. The number series is as follows: 5, 4, 6, 3, 7.
The first two letters, PQ, are static. The third letter is in alphabetical order, beginning with R. The number series is in descending order beginning with 5.
In this series, the third letter is repeated as the first letter of the next segment. The middle letter, A, remains static. The third letters are in alphabetical order, beginning with R.